50 farmers from Coimbatore have joined the Center's pension scheme in just one day

Modi government approved the implementation of the pension scheme for all small and marginal farmers by June 2019. Accordingly, eligible farmers above 60 years of age will be given pension. This is a voluntary and contributory pension scheme. Farmers aged between 18 and 40 can join in this scheme.

Recently, 50 farmers from Annur region of Coimbatore have joined the farmers' pension scheme in one day. Annur Regional Agricultural Assistant Director Krishnamurthy said in a statement: “The scheme enables small and marginal farmers between the ages of 18 and 40. Farmers pay Rs 55 to Rs 200 every month, depending on their age. The Central government subsidizes the amount equal to the amount paid by the farmer. After the age of 60, a monthly pension of Rs 3,000 will be paid. If the pensioner dies, half of his / her pension will be paid to their son or daughter.

Payment can be withdrawn with interest, even if it is suspended for half a year after five years. The amount can be paid in monthly installments, once in three months or in six months or annually. Farmers can get a lifetime pension from the age of 60 years. 50 farmers from Annur have joined the program in just one day. In this scheme, small and marginal farmers need to work together. Farmers can contact the Annur Agriculture Office for further details", he said.