Under the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY), how much monthly pension is provided to eligible small and marginal farmers after the age of 60?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹3,000.
The PM-KMY is a voluntary and contributory pension scheme designed to provide social security to small and marginal farmers (SMFs) with landholdings up to 2 hectares. Farmers aged 18 to 40 years contribute a monthly amount ranging from ₹55 to ₹200, which is matched by an equal contribution from the Central Government. Upon reaching 60 years, they receive a guaranteed pension of ₹3,000 per month. In the event of the subscriber's death, the spouse is entitled to 50% as a family pension.