Pension Scheme For Senior Citizens

The scheme provides a cashless and paperless benefit cover of Rs 5 lakh per annum per family on a floater basis in empanelled hospitals across India

Chhattisgarh Chief Minister Vishnu Deo Sai has said the pension for those who were detained under the Maintenance of Internal Security Act (MISA) during Emergency between 1975 and 1977 will be restored in the state. The pension scheme for detainees under MISA during Emergency, which was started in the state during the BJP rule in 2008, was withheld by the previous Congress government in 2019. MISA detainees (Lokantra Senani) were given pension ranging from Rs 10,000 to Rs 25,000 in three different categories. Speaking in the state assembly on Monday, Sai said the 'Samman Nidhi' (pension) for MISA detainees will be restarted. Replying to a discussion in the assembly on demands for grant of Rs 8421.82 crore for his departments, he said 1,000 village panchayats will get WiFi facility in the first phase of PM-WANI scheme. The government has decided to equip public transport vehicles with location tracking devices and emergency buttons under the Nirbhaya framework for women's safety, h

The RBI report comes at a time when five states - Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have announced their return to the OPS for government employees

However, the RBI clarified that the views expressed in the article are "those of the authors" and do not necessarily represent the views of the central bank

Several products offer better rates, especially for seniors; that said, never try to optimise returns when you need money in the short term

As of March 2018, a total number of 2.23 lakh senior citizens are being benefited under the pension scheme which guarantees a minimum pension of Rs 1,000 per month for a period of 10 years

The scheme provides an assured return of 8% per annum payable monthly for 10 years