The Modi government will implement the Kisan Pension Scheme Target to connect five crore beneficiaries in the first five years: The government will have an annual burden of Rs. Contribution
Modi government will start pension scheme for farmers from August 1. The draft of this scheme has been finalized. Senior officials of the Ministry of Agriculture have completed this task along with the Finance Ministry. According to sources, Prime Minister Narendra Modi will launch Kisan pension scheme The Secretary of Agriculture has written to the states and directed them to prepare a mechanism for implementing the scheme. Under this scheme, LIC will manage the farmers’ pension fund. Under this scheme, there is a provision to provide farmers a pension
It is worth mentioning that this scheme will increase the burden of Rs. If the age of the person joining the scheme is 5 years, then he has to contribute Rs. If his age is less than 2 then the contribution amount will be less and if age is higher then the contribution amount will increase. According farmers from 3 to 6 years can apply to join the scheme. Farmers have to contribute Rs. 5 per month. After the age of 4, he will get a pension of 1 per month. The scheme will be completely voluntary for the farmers. Half of it will be contributed by farmers and half will be contributed by the government. Its registration will begin from next week.