Annual expenditure for enhanced old age pension scheme in Puducherry set to touch ₹660 crore

4 months ago 2
ARTICLE AD BOX

The yearly expenditure nether the caput of Puducherry Old Age Persons and Destitute Pension strategy is acceptable to further emergence to ₹660 crore from ₹546 crore arsenic the authorities plans to rotation retired the enhanced monthly pension to 1.91 lakh beneficiaries successful the Union Territory from Thursday.

Lieutenant Governor K. Kailashnathan and Chief Minister N. Rangasamy are scheduled to motorboat the enhanced pension strategy astatine an lawsuit to beryllium held astatine Thirukanchi village. The authorities had announced successful the existent fund its determination to summation the pension fixed to aged property and destitute persons by ₹500 successful the region.

Currently, astir 1.91 lakh persons are drafting a monthly pension ranging from ₹2,000 to ₹3,500 depending connected the property class of the beneficiaries. As per the enhanced allocation, the minimum aged property pension successful the Union Territory volition beryllium ₹2,500 and maximum ₹4,000. The enhancement volition summation the yearly expenditure from ₹546.36 crore to ₹660 crore.

The past hike of aged property pension was effected successful July 2021 to 1.54 lakh beneficiaries past registered nether the scheme. The emergence successful monthly pension by ₹500 and an summation of astir 10,000 much beneficiaries successful July that twelvemonth had pushed the yearly expenditure of the authorities to ₹476.76 crore from the earlier ₹355.80 crore.

The yearly outlay for the strategy went up further to ₹519.27 crore successful 2022 with the summation of 10,000 much beneficiaries. The expenditure accrued again to ₹546.36 crore successful the past fewer years with much beneficiaries being added to the scheme.

Monthly assistance to women

Another strategy that would spot a relaunch connected Thursday volition beryllium the monthly fiscal assistance fixed to women heads of BPL families successful the property radical of 21-54 years who are not covered nether different payment schemes. The assistance has been accrued from ₹1,000 to ₹2,500. When the strategy was launched in January 2023, determination were astir 13,339 beneficiaries getting a monthly assistance of ₹1,000. Then, the authorities incurred an expenditure of ₹1.33 crore per month.

Gradually, much beneficiaries were added to the strategy and arsenic connected January this year, determination were astir 70,000 women availing the assistance connected relationship of which the authorities incurred an yearly expenditure of ₹84 crore. The enhanced allocation of ₹2,500 volition further propulsion the yearly expenditure of the authorities towards the strategy to ₹210 crore.

Published - February 04, 2026 09:16 p.m. IST

Read Entire Article