Govt hikes pension for old destitute people | india | Hindustan Times
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Govt hikes pension for old destitute people

india Updated: Jul 13, 2006 16:57 IST

The cabinet on Thursday increased the monthly pension of destitute people over 65 years of age from Rs 75 to Rs 200.

The move is in line with the announcement made by Finance Minister P Chidambaram in his budget presentation for 2006-07 in parliament in February.

Currently, a financial assistance of Rs 75 per month is given to families living below poverty line with little or no regular income, under the National Old Age Pension Scheme (NOAPS), a centrally funded programme launched in 1995, Minister of Information and Broadcasting PR Dasmunsi told media.

"The cabinet has increased the pension under the NOAPS from Rs 75 to Rs 200 per beneficiary per month for destitute persons in the age group of 65 and above. This increase will be effective retrospectively from April 1, 2006," the minister said.

"The proposed increase will extend the much-needed financial support to old and destitute persons to manage their livelihoods. A sum of Rs 14.30 billion for this purpose has been provided in the Union Budget 2006-07 as additional allocation," he said.