{"id":312797,"date":"2019-06-01T05:53:48","date_gmt":"2019-06-01T05:53:48","guid":{"rendered":"http:\/\/tehelka.com\/?p=312797"},"modified":"2019-06-01T05:53:48","modified_gmt":"2019-06-01T05:53:48","slug":"government-offers-pension-coverage-to-crores-of-farmers","status":"publish","type":"post","link":"https:\/\/tehelka.com\/government-offers-pension-coverage-to-crores-of-farmers\/","title":{"rendered":"Government offers pension coverage to crores of farmers"},"content":{"rendered":"<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-312798 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2019\/06\/cabinet-2-300x170.jpg\" alt=\"\" width=\"485\" height=\"275\" srcset=\"https:\/\/tehelka.com\/media\/2019\/06\/cabinet-2-300x170.jpg 300w, https:\/\/tehelka.com\/media\/2019\/06\/cabinet-2-768x436.jpg 768w, https:\/\/tehelka.com\/media\/2019\/06\/cabinet-2-696x395.jpg 696w, https:\/\/tehelka.com\/media\/2019\/06\/cabinet-2-741x420.jpg 741w, https:\/\/tehelka.com\/media\/2019\/06\/cabinet-2.jpg 924w\" sizes=\"(max-width: 485px) 100vw, 485px\" \/><\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Prime Minister Narendra Modi\u2019s government has approved\u00a0a 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 farmers<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">It is estimated that 5 crore small and marginal farmers will benefit in the first three years itself.\u00a0 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.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">A voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) across the country.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">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.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">After the subscriber\u2019s 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.\u00a0 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.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">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 Kisan Samman Nidhi (PM-KISAN) Scheme directly.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">It was in the run up to the 2019 Parliamentary elections that PM Narendra Modi first mooted such an idea, which gradually found resonance across the length and breadth of India. Such a plan was mentioned in the BJP manifesto and in the first Cabinet meeting after the formation of a new Government, it has become a reality.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\">\n<p style=\"font-weight: 400; text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Narendra Modi\u2019s government has approved\u00a0a 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 farmers It is estimated that 5 crore small and marginal farmers will benefit in the first three years itself.\u00a0 The Central Government would [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":312798,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[316],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/312797"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=312797"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/312797\/revisions"}],"predecessor-version":[{"id":312799,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/312797\/revisions\/312799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/312798"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=312797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=312797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=312797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}