Prime Minister Narendra Modi on Sunday launched the Ayushman Bharat - Pradhan Mantri Jan Arogya Yojna (AB-PMJAY) in Jharkhand's Ranchi. The cashless scheme, which offers an annual cover of ₹5 lakh to economically weaker sections of society is the world's largest public health insurance scheme. It will benefit over 50 crore people across the country.