Q. What is the primary objective of 'Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)', recently completed 5 years of implementation?
Answer:
To provide social security to Small and Marginal Farmers in their old age
Notes: The Pradhan Mantri Kisan Maandhan Yojana (PM-KMY) has completed five successful years. It was launched on September 12, 2019. It provides social security to land-holding small and marginal farmers across India. The scheme is a voluntary old-age pension program offering Rs. 3,000 per month to eligible farmers after they turn sixty. Farmers contribute monthly to the pension fund, with the central government matching their contributions.