Kerala's Enhanced Pension Scheme: A Relief for 62 Lakh Beneficiaries
Kerala's Finance Minister announced that pension beneficiaries would receive Rs 3,600 in November due to an allocation of Rs 1,864 crore. The scheme addresses payment delays caused by financial constraints. Of the beneficiaries, 8.46 lakh receive the central share, with the remainder funded by the state.
- Country:
- India
In a move to boost welfare in Kerala, Finance Minister K N Balagopal announced that pension beneficiaries would receive Rs 3,600 each in November. This comes as part of a Rs 1,864 crore allocation aimed at addressing delayed payments.
The increased pension, rising to Rs 2,000, along with Rs 1,600 in arrears, will be disbursed starting November 20. Payments have been delayed due to financial constraints and ongoing central government policies, but the minister assures that full arrears will now be covered.
Kerala's pension program, unique in its universal reach, supports around 62 lakh citizens monthly. While only a fraction receive central government aid, the state leads in social security initiatives, showcasing a gradual pension increase under the LDF government.
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