 financial memorandumclause 3 of the bill provides for setting up of a fund to be known as the farmers old age pension fund to pay old age pension to the small and marginal farmers to which the central government shall contribute in such ratio as may be prescribed clause 5 provides that central government shall release fund to the state governments required for payment of old age pension to farmers the bill, therefore if enacted, will invlove expenditure from the consolidated fund of india it is likely to involve a recurring expenditure of about rupees five thousand crore per annum a non-recurring expenditure of about rupees one hundred crore is also likely to be incurred memorandum regarding delegated legislation'clause 7 of the bill empowers the central government to make rules for carrying out the 'the bill as the rules will relate to matters of detail only, the delegation of > power is of a normal character , 