On Thursday, Prime Minister Narendra Modi launched the Pradhan Mantri Kisan Mandhan Yojana in Ranchi. The NDA government's ambitious pension scheme for farmers has an outlay of Rs 10,774 crore for the next three years.

Small and marginal farmers between the age of 18 to 40 years can apply for the scheme to receive a pension of Rs 3,000 per month after they are 60 years old.

It is a voluntary pension which requires monthly contributions. The Central government will match the contribution made by the subscriber.

The Prime Minister was in the state to inaugurate the new Jharkhand Assembly building in Ranchi and a multi-modal terminal at Sahibganj. Jharkhand will go to assembly polls later this year.

Referring to the 'Pradhan Mantri Kisan Mandhan Yojana', Jharkhand Chief Minister Raghubar Das said that a total of 1,16,183 farmers in Jharkhand have registered themselves under the scheme.

In September 2018, PM Modi had launched the 'Ayushman Bharat' health scheme from Ranchi as well.

Modi inaugurated a multi-modal cargo terminal and laid the foundation of a secretariat building. The cargo terminal, which was inaugurated online by the prime minister, has been built by Inland Waterways Authority of India on River Ganga at Sahibganj. It will have a cargo storing capacity of 30 lakh tonne per year, a stockyard and parking and berthing space for two vessels.

The new secretariat building in the state capital will come up at an estimated cost of Rs 1238.92 crore. It will also have offices of 32 departments.

Inputs from PTI