• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

Pension coverage to farmers

June 24, 2019
in Law & Policy
Reading Time: 2 mins read
0
31
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

Syllabus: Welfare schemes for vulnerable sections of the population by the Centre

Recently, The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved  a new Central Sector Scheme, a historic decision that will empower farmers across India. This is a path breaking scheme that will provide pension cover to our industrious farmers who toil day and night to keep our nation fed. It is also for the first time since independence that such a pension coverage has been envisioned for farmers.

Estimated cost, coverage and period

It is estimated that 5 crore small and marginal farmers will benefit in the first three years itself.  The Central Government would spend Rs. 10774.50 crore for a period of 3 years towards its contribution (matching share) for providing social security cover as envisaged under the scheme.

The salient features of this scheme are:

  • It is a voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) across the country.
  • Entry age of 18 to 40 years with a provision of minimum fixed pension of Rs.3,000/– on attaining the age of 60 years.
  • For example, a beneficiary farmer is required to contribute Rs 100/ – per month at median entry age of 29 years.  
  • The Central Government shall also contribute to the Pension Fund an equal amount as contributed by the eligible farmer.
  • After the subscriber’s death, while receiving pension, the spouse of the SMF beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension, provided he/she is not already an SMF beneficiary of the Scheme.  If, the death of the subscriber happens during the period of contribution, the spouse shall have the option of continuing the Scheme by paying regular contribution.
  • Synergy between schemes, prosperity for farmers: An interesting feature of the Scheme is that the farmers can opt to allow his/her monthly contribution to the Scheme to be made from the benefits drawn from the Pradhan Mantri KisanSAmman Nidhi (PM-KISAN) Scheme directly. Alternatively, a farmer can pay his monthly contribution by registering through Common Service Centres (CSCs) under MeitY.

Significance

  • It is also for the first time since independence that such a pension coverage has been envisioned for farmers.
  • It plays an important role in empowering agriculture sector.

 

image_pdfMake PDF
Tags: Prelims

Related Posts

Who are puisne judges?

Who are puisne judges?

February 2, 2023
AISHE report

AISHE report

January 31, 2023
Grievance appellate committees to address users complaints against internet-based platforms

Grievance appellate committees to address users complaints against internet-based platforms

January 30, 2023
Euthanasia and a living will

Euthanasia and a living will

January 26, 2023
What is mandatory minimum sentencing?

What is mandatory minimum sentencing?

January 26, 2023
Law on lawyers advertising their work in India

Law on lawyers advertising their work in India

January 25, 2023
What are emergency provisions under the Information Technology Rules, 2021

What are emergency provisions under the Information Technology Rules, 2021

January 24, 2023
NCERT notified India’s first national assessment regulator- PARAKH

NCERT notified India’s first national assessment regulator- PARAKH

January 24, 2023
Rural Health Statistics 2021-2022

Rural Health Statistics 2021-2022

January 23, 2023
17th Annual Status of Education Report (ASER) for 2022

17th Annual Status of Education Report (ASER) for 2022

January 20, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In