What is the eligible age range for farmers to register under the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 18-40 years.
The eligible age range for farmers to register under the Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) is from 18 to 40 years.
This is a voluntary and contributory pension scheme specifically for Small and Marginal Farmers (SMFs) with cultivable land up to 2 hectares. Subscribers must make monthly contributions, which range from ₹55 to ₹200, depending on their entry age, until they reach the age of 60. Upon attaining 60 years, the farmer is entitled to receive a minimum assured monthly pension of ₹3,000.