🧓 Complete Guide to Atal Pension Yojana and PM Kisan Maandhan Yojana in Simple Words

Saving money for old age is very important. Many people who work in unorganized sectors like farming, labor work, or small jobs often don’t have regular income or retirement savings. To help such people, the Government of India launched pension schemes that give them monthly pension after the age of 60.

The two most popular government pension schemes are:

Atal Pension Yojana (APY)
Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)

These schemes are specially designed to help poor and middle-income people live a secure and respectful life after retirement.

🧾 What is Atal Pension Yojana (APY)?

Atal Pension Yojana was launched in 2015 by the Government of India to provide monthly pension to people working in the unorganized sector like daily wage workers, auto drivers, domestic helpers, farmers, etc.

✅ Key Features:

You can get ₹1,000 to ₹5,000 per month pension after turning 60
The pension amount depends on how much you contribute monthly
Monthly contribution starts as low as ₹42
The earlier you start, the less you need to pay every month
The scheme is managed by Pension Fund Regulatory and Development Authority (PFRDA)

📌 Who Can Join Atal Pension Yojana?

To join APY, you must:

Be an Indian citizen
Be 18 to 40 years old
Have a savings bank account
Agree to contribute regularly till the age of 60

💡 People who already have EPF/ESIC can also join, but they won’t get government contribution.

🪙 How Much Pension Will You Get in APY?

Here is a table showing how much you need to contribute to get a certain pension:

Age at Joining	₹1,000 Pension	₹2,000 Pension	₹3,000 Pension	₹4,000 Pension	₹5,000 Pension
18	₹42/month	₹84/month	₹126/month	₹168/month	₹210/month
25	₹76/month	₹151/month	₹226/month	₹301/month	₹376/month
35	₹181/month	₹362/month	₹543/month	₹722/month	₹902/month
40	₹291/month	₹582/month	₹873/month	₹1164/month	₹1454/month

📌 The amount is auto-debited from your bank account every month.

🧑‍🤝‍🧑 What Happens After 60?

You will start receiving your monthly pension
The pension continues for your entire life
After your death, your spouse will get the same pension
After both husband and wife pass away, the pension corpus (amount saved) is given to the nominee

🏦 How to Apply for APY?

Step-by-step process:

Visit your bank branch where you have a savings account
Ask for the Atal Pension Yojana form
Fill in your details – name, age, bank account number, nominee, etc.
Choose your pension amount (₹1,000 to ₹5,000)
Submit the form and your Aadhaar copy
Your account will be auto-debited every month

Many banks also offer online registration through net banking or mobile banking.

🚜 What is PM Kisan Maandhan Yojana (PM-KMY)?

Pradhan Mantri Kisan Maandhan Yojana is a pension scheme for small and marginal farmers. It gives farmers a monthly pension of ₹3,000 after the age of 60.

The scheme was launched in 2019 to support farmers who don’t have any retirement income.

✅ Key Features of PM Kisan Maandhan:

Pension of ₹3,000 per month after 60 years
Farmers have to pay monthly contributions between ₹55 to ₹200
The government contributes the same amount (1:1 matching)
Managed by Life Insurance Corporation (LIC)
After death, spouse gets the pension
After both die, the amount goes to the nominee

🌾 Who is Eligible for PM-KMY?

You must:

Be a farmer
Own less than 2 hectares of land
Be 18 to 40 years old
Not be a taxpayer or in any government job
Not be a member of EPF/NPS/ESIC

🪙 Monthly Contribution in PM-KMY

The amount depends on your age:

Age at Joining	Monthly Contribution
18	₹55
20	₹73
25	₹96
30	₹118
35	₹150
40	₹200

💡 The government pays equal amount every month.

🏦 How to Register for PM Kisan Maandhan?

You can register at:

Common Service Centers (CSCs)
Nearby Jan Seva Kendra
Official PM-KMY portal (with Aadhaar-linked mobile)

Documents Needed:

Aadhaar card
Land ownership documents (less than 2 hectares)
Savings bank account
Mobile number
Age proof

Process:

Visit your nearest CSC center
Submit documents
Choose auto-debit option from your bank
Get your pension card and receipt

📋 What Happens After 60 in PM-KMY?

You will get ₹3,000 every month for lifetime
After your death, your spouse gets the pension
After both pass away, the amount is returned to nominee

❌ What If You Stop Paying?

If you miss payments:

You can pay the pending amount later
If you stop completely, the scheme will become inactive
You may get your money back with interest, depending on rules

❓ FAQs

Q1: Can I join both APY and PM-KMY?

Yes, if you are eligible for both, you can enroll in both.

Q2: Is this scheme safe?

Yes, both schemes are government-backed and managed by trusted agencies like LIC and PFRDA.

Q3: What if I die before 60?

Your family or nominee will get the contributed amount with interest.

Q4: How can I check my pension account status?

You can check through your bank or the respective scheme's website using your mobile number or Aadhaar.

📌 Summary Table

Feature	Atal Pension Yojana (APY)	PM Kisan Maandhan (PM-KMY)
Who can apply?	Any citizen (18–40 yrs)	Small farmers (18–40 yrs)
Monthly Pension Amount	₹1,000 to ₹5,000	₹3,000
Start age	18–40 years	18–40 years
Pension starts at age	60 years	60 years
Monthly contribution	₹42 to ₹291+	₹55 to ₹200
Government contribution	Yes (for poor workers)	Yes (equal matching)
Where to apply	Bank or Online	CSC Center

🏁 Final Words

Atal Pension Yojana and PM Kisan Maandhan Yojana are two excellent schemes that help poor and middle-class citizens save for a secure future.

With just a small amount saved every month, you can ensure that you or your family never faces financial trouble in old age.

✅ If you’re eligible, don’t wait—apply today!
✅ Help others like farmers, workers, or shopkeepers to understand and join these schemes too.

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