Rs 316 cr for payment of monthly aid to persons

Image
Press Trust of India Puducherry
Last Updated : Jun 08 2015 | 11:22 PM IST
: the Puducherry government has enhanced the monthly assistance to aged persons under 'Old Age Pension' scheme from Rs 1100 to a higher level depending upon the age of beneficiaries.
As much as Rs 316.26 crore has been earmarked for fiscal 2015-2016 to implement the OAP here, Chief Minister N Rangasamy said after handing over the enhanced assistance to aged persons here today.
Rangasamy said government has decided to enhance the assistance from Rs 1100 to 1500 a month if the beneficiary comes under the age bracket of 55 to 59 years.
If the beneficiary is in the age category of 60 to 79 years the monthly assistance would be Rs 2000 instead of Rs 1100 available all these years. A sum of Rs 3000 would be available under the scheme to the beneficiaries who have turned 80 years.
He said 1,23,147 persons are covered under the scheme, distributed under 'Direct benefit transfer' system through their bank accounts. If they could not turn up at banks due to ge or poor health, the money would be handed over personally.
Rangasamy said the government had spent Rs 200 crore last year under the payment of pension to the aged people. Now with the rise in the quantum of assistance, the expenditure would increase to Rs 316.26 crore.
Speaker V Sabapathy was among those present.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 08 2015 | 11:22 PM IST

Next Story