Current Affairs 1st June 2019

Current Affairs 1st June 2019 - Important Points

Pradhan Mantri Kisan Samman Nidhi Scheme approved by - Union Cabinet

Current Affairs1st June 2019 - Details

Pradhan Mantri Kisan Samman Nidhi Scheme approved by - Union Cabinet

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved that teh extension of Pradhan Mantri Kisan Samman Scheme. With this decision, all land holding eligible farmer families (subject to the prevalent exclusion criteria) would  be availing below mentioned benefits under this scheme.

• A voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) PAN India.
•  Entry age of 18 to 40 years with a provision of minimum fixed pension of Rs.3,000/-  upon attaining  60 years of age.
•  For example, If a beneficiary farmer is required to contribute Rs 100/ - per month at median entry age of 29 years.  The Central Government shall also be contributing 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 going to 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 to  continue  the Scheme by paying regular contribution.