PM Narendra Modi launches farmers' pension scheme

Ranchi: Prime Minister Narendra Modi on Thursday launched an ambitious pension scheme for farmers from here.

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Under the 'Pradhan Mantri Kisan Mandhan Yojana', farmers between 18 and 40 years of age will get Rs 3,000 monthly pension after reaching 60.

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The scheme has an outlay of Rs 10,774 crore for the next three years.

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All small and marginal farmers who are currently between 18 to 40 years can apply for the scheme.

Jharkhand will go to Assembly polls later this year.