Providing financial security to the State’s farming community, Punjab Government has launched National Monthly Pension Schemes for farmers above the age of 60 years.
“The State Government has planned the pension scheme for the financial security of farmers in which those aged between 18 to 60 years would deposit minimum Rs6,000 on monthly, half yearly or annual basis as per their convenience,” said an official of the Punjab Agriculture Department on Friday.
He said that in order to prevent any deception with the farmers, the Government has set up the direct coordination between farmer and the bank.
“If farmer will deposit Rs12,000 annually, the government will deposit Rs1,000 from their treasury to the savings of the farmer. This national monthly pension scheme will be provided the secure lifestyle to the farmers,” he said.