Meghalaya Agriculture Warehouse Scheme 2026

This scheme offers a secure future for small and marginal farmers by providing a guaranteed monthly pension Read More... of ₹3,000 after they turn 60. Read less

Details

The Indian government has introduced the Pradhan Mantri Kisan Maandhan Yojana (PMKMY) to ensure a dignified old age for our nation's hardworking small and marginal farmers. Managed by the Department of Agriculture & Farmers Welfare, this scheme focuses on providing social security and a regular income post-retirement.

What Is This Scheme?

Pradhan Mantri Kisan Maandhan Yojana is a voluntary pension scheme designed to support small and marginal farmers. It aims to give them a financial cushion, a minimum assured pension of ₹3,000 per month, once they reach the age of 60. The scheme encourages farmers to save for their old age, with the government contributing equally to their pension fund.

Who Can Benefit From This Scheme?

This scheme is specifically for small and marginal farmers who own agricultural land. If you're a farmer between 18 and 40 years old and have landholding of up to 2 hectares (as recorded by state land records as of August 1, 2019), you can enroll. Having an Aadhaar card and a bank account (either a regular savings account or a PM-KISAN account) is also essential.

Why This Scheme Is Important

Farming can be an unpredictable profession, and securing a steady income in old age is a major concern for many. PMKMY addresses this by offering a predictable pension, ensuring that farmers can live their later years with dignity and financial stability. It also provides financial support to the spouse in case of the farmer's demise, offering peace of mind to the entire family.

Objective

This scheme offers a secure future for small and marginal farmers by providing a guaranteed monthly pension of ₹3,000 after they turn 60.

Benefits

5% of project cost to be contributed by the entrepreneur 75% of project cost provided upfront by Government of Meghalaya as margin money support to the bank remaining 20% via bank loan.

Direct credit linkage with partner banks.

Guidance and handholding in the application process through implementing agencies.

Support in project realization for the warehouse venture.

Training and capacity building for entrepreneurs to manage post-harvest storage effectively.

Technical support for maintenance and operations of warehouses.

Sources and references

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Eligibility Criteria

You must be a small or marginal farmer.
Your cultivable landholding should not exceed 2 hectares, as per land records.
You must be between 18 and 40 years old when you join the scheme.
Your name must be present in the land records as of August 1, 2019.
You need to have an Aadhaar card.
You must have a savings bank account or a PM-KISAN account.

How To Apply

Farmers can enroll in the Pradhan Mantri Kisan Maandhan Yojana through their nearest Common Service Centres (CSCs).
You will need to provide your Aadhaar card and bank account details.
The CSC will assist you with the enrollment process and the initial contribution.

For more details, you can visit the official website of the Department of Agriculture & Farmers Welfare or consult your nearest CSC.

Documents Required

Aadhaar Card
Savings Bank Account Number along with IFSC Code. (Proof can be your Bank Passbook, Cheque Leaf/book, or a copy of your bank statement.)

FAQ’s

What is the Pradhan Mantri Kisan Maandhan Yojana (PMKMY)?

PMKMY is a voluntary pension scheme set up by the Indian government to provide old-age financial security to small and marginal farmers across the country.

How much is the monthly pension under PMKMY?

After reaching the age of 60, beneficiaries of the scheme will receive a guaranteed monthly pension of ₹3,000.

Who can join the PMKMY scheme?

Small and marginal farmers aged between 18 and 40 years, who own cultivable land up to 2 hectares and whose names are in land records as of August 1, 2019, are eligible.

What happens if a farmer dies before reaching pension age?

If a farmer dies before turning 60, their spouse has the option to continue the scheme by paying the remaining contributions. Alternatively, the spouse can exit and receive the deceased farmer's contributions along with interest.

Does the government contribute to the farmers' pension fund?

Yes, the Government of India makes an equal matching contribution to the amount that farmers pay as their monthly contribution towards the pension fund.

What are the options if a farmer decides to exit the scheme before 60 years of age?

If a farmer exits within the first 10 years, they will receive back only their own contributions plus the interest earned at the savings bank rate. If they exit after 10 years but before 60, they can get back their contributions with either the accumulated pension fund interest or savings bank interest, whichever is higher.

Can a farmer withdraw from the scheme at any time?

Farmers can voluntarily exit the scheme before the age of 60, and the exit benefits depend on how many years they have contributed. The scheme also covers situations of permanent disability and death.

What happens to the pension if the farmer passes away after they start receiving it?

Upon the death of the pensioner, their spouse is eligible to receive 50% of the pension amount each month as a family pension.

How much does a farmer need to contribute monthly?

The monthly contribution varies based on the farmer's age when they join the scheme, ranging from ₹55 to ₹200 per month.

Are farmers who receive PM-KISAN benefits also eligible for PMKMY?

Yes, farmers who are beneficiaries of the PM-KISAN scheme are also eligible to join the PMKMY. In fact, their PM-KISAN payments can be used to make the contributions for this pension scheme.

What proof is needed for the bank account?

You'll need to provide your savings bank account number and IFSC code. You can submit your Bank Passbook, a Cheque Leaf/book, or a copy of your bank statement as proof.

Where can farmers enroll for this pension scheme?

Farmers can easily enroll in the PMKMY scheme by visiting their nearest Common Service Centres (CSCs).