Prime Minister Narendra Modi on Thursday launched an ambitious pension scheme for farmers from Jharkhand.
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.
PM lays foundation of Jharkhand secretariat building
PM Modi, while at Ranchi, also 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 from here, 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.