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Government launches pension scheme for small and marginal farmers

By EMN Updated: Sep 13, 2019 12:17 am
G Kaito Aye addresses the inauguration of the pension scheme PMKMY, on September 12 at the directorate of Agriculture in Kohima.

Dimapur, Sep. 12 (EMN):
The minister for Agriculture G Kaito Aye launched the pension scheme Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) scheme, on September 12 at the directorate of Agriculture in Kohima.

The PMKMY is a pension scheme for all land holding small and marginal farmers.

The government publicity agency the department of Information and Public Relations (IPR) issued a report to the media on Wednesday informing about the event.

Aye said at the formal programme that Nagaland has about 1,95,784 farmers registered with the PM Kisan Samman Nidhi, and that these farmers may opt for the PMKMY scheme also.

The scheme will benefit farmers ‘when they grow old,’ he said. It will also encourage and ‘boost them morally to work harder when they are young and active, which will in turn, boost the state’s agricultural sector,’ the IPR quoted him as having said.

The minister urged the departments to ‘work sincerely in registering the farmers.’

Principal Secretary N Hushili Sema, also delivered a short speech at the event. ‘This scheme is a very important scheme for small and marginal farmers which will sustain them at their old age,’ she said. She urged the people working in the department to make it their duty to ‘not only sustain the farmers, but also to aggressively pursue monitoring the district, sub-district, and village level blocks for sensitising, and for wide publicity in order to encourage the farmers,’ the IPR reported.

The officer explained that the scheme would benefit cultivators in the village in the long run. Sema appreciated the government for bringing in the ‘intervention for farmers.’ She urged the departments to ‘transparently pursue this scheme and to ensure visibility.

‘It is to achieve the highest potential which will help in the growth of the Department as well as the agricultural sector of the state.’ Quality performance is essential for the advancement of the state, Sema added.

Also, Additional Director S Kivikhu Achumi said that the state government had conducted seminars and that the department had initiated ‘camping and melas’ in the districts and sub-divisions to educate the people about the scheme. Registration of beneficiaries will begin as soon as the central government sends the ‘details of the internet portal’ for the scheme, the IPR stated.

The state nodal officer for the PMKMY, L Hangshing informed the gathering that the scheme was an age old pension scheme introduced by central government for all small and marginal farmers in the country as a voluntary and contributory scheme for the age group 18-40 years.

“The objective and benefits of this scheme is to create a social security for the farmers during old age,” he said. The subscriber/farmer will get an assured monthly pension of INR 3000 on attaining the age of 60 years.

The scheme is in partnership with Life Insurance Corporation of India, which will be the pension fund manager and responsible for the pension pay out. It is voluntary and made in periodic contribution. One may opt for contribution from the financial benefits received by them from the PM-Kisan scheme. The ministry will contribute an equal amount as contributed by the eligible subscriber, the IPR stated.


By EMN Updated: Sep 13, 2019 12:17:11 am