Consider the following statements regarding Pradhan Mantri Kisan Pension Yojana 1 It is voluntary an...........

Economic Affairs Pension and Insurance

Consider the following statements regarding Pradhan Mantri Kisan Pension Yojana-

1. It is voluntary and contributory pension scheme for all Small and Marginal Farmers.

2. It has entry age of 25 to 50 years with provision of minimum fixed pension of Rs.3,000 on attaining the age of 60 years.

Which of the above statements is/are correct regarding the scheme?

Choose the correct answer using the codes below-

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

It is voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) across the country.
Entry age of 18 to 40 years with provision of minimum fixed pension of Rs.3,000 on attaining the age of 60 years.
Beneficiary farmer of this scheme is required to contribute Rs 100 per month at median entry age of 29 years. Central Government will also contribute to Pension Fund an equal amount as contributed by eligible farmer.