PM launches farmers' pension scheme

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

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.

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