Consider the following Statements about the Pradhan Mantri Kisan Maandhan Yojana and choose the correct option.
(I) Pradhan Mantri Kisan Maan-Dhan Yojana was launched in 2019.
(II) PM-KMY Scheme in India is a central sector scheme for farmers aged between 18 to 60 years.
(III) It was launched under the Ministry of Agriculture & Farmers’ Welfare.
The Pradhan Mantri Kisan Maan Dhan Yojana was launched at Ranchi, Jharkhand by Prime Minister Narendra Modi. This a Central Sector Scheme which is administered by the Cooperation & Farmers Welfare, Department of Agriculture, Ministry of Agriculture & Farmers’ Welfare, and the Government of India in partnership with Life Insurance Corporation of India (LIC). LIC is the Pension Fund Manager for PM Kisan Maan-Dhan Yojana that provides an assured monthly pension of Rs. 3000/- to all the small and marginal farmers (who own cultivable land up to 2 hectares) after the age of 60 years. This scheme was introduced with an aim to secure the lives of small and marginal farmers in India. PM-KMY Scheme in India is a central sector scheme for farmers aged between 18 to 40 years.
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