The Center will provide three months’ pension in advance to nearly three widows, the elderly and the disabled from three crores in the first week of April amid the closure of the new coronavirus pandemic, announced officials Friday.
Under the National Social Assistance Program (NSAP), a monthly pension is paid to the elderly poor, widows and the disabled.
The program falls under the competence of the Union Ministry of Rural Development. There are 2.98 billion beneficiaries under this program and pensions are transferred directly to their bank accounts, officials said.
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The Center has decided to give three months’ pension in advance to all beneficiaries of 2.98 crores by the first week of April, officials said.
According to the NSAP, Rs 200 per month is given to people aged 60 to 79 and Rs 500 per month to 80 and over.
An amount of Rs 300 per month is granted to widows in the age group 40 to 79 years and Rs 500 to 80 years and over.
For disabled people, the pension is fixed at Rs 300 per month up to 79 years and Rs 500 for 80 years and over.
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In addition to this pension, the Minister of Finance of the Union, Nirmala Sitharaman, announced Thursday an ex gratia amount of Rs 1,000 over the next three months and it will be paid in two installments.
This is in addition to the pension paid monthly.
EPFO to pay early retirement to 6.5 million account holders
The Organization for Occupational Welfare (EPFO) will pay a monthly pension to its 6.5 million account holders before the end of March, to help subscribers cope with the COVID-19 coronavirus epidemic .
“Due to the corona virus pandemic, a lockout has been declared in various parts of the country. In order to ensure that no inconvenience is caused to retirees due to the current situation, (the) Central Provident Commissioner (EPFO) asked the field offices to generate and reconcile the details of the retirees and the statements of amounts pension for the month by March 25, 2020, “said a statement on Monday from the Ministry of Labor and Employment.
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He added that the CPFC of the EPFO, Sunil Barthwal, had ordered officials to send it to the banks “so that the monthly pension is credited to the retirees account on time, that is to say during the month of march itself “.
An official explained that EPFO usually sends details of pension disbursements to banks on the last working day of the month (in this case, it would have been March 31). The annuity is credited to the subscriber’s account the first week of the following month. This schedule has been brought forward now.