PM Modi launched the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY)
PM-KMY is an old age pension scheme for all land holding Small and Marginal Farmers (SMFs) in the country.
It is voluntary and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs. 3000/- will be provided to them on attaining the age of 60 years.
The Life Insurance Corporation of India (LIC) shall be the Pension Fund Manager and responsible for Pension pay out.