The Centre will give three months' pension in advance to nearly three-crore widows, senior citizens and differently-abled in the first week of April amid the lockdown over the novel coronavirus pandemic, officials said on Friday.
Under the National Social Assistance Program (NSAP), a monthly pension is being given to the poor senior citizens, widows and persons with disabilities.
The program comes under the purview of the the Union Rural Development Ministry. There are 2.98-crore beneficiaries under this programme and the pensions are transferred directly to their bank accounts, officials said.
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The Centre has decided to give three months pension in advance to all the 2.98-crore beneficiaries by the first week of April, according to the officials.
As per the NSAP, Rs 200 per month is given to senior citizens from 60-79 years of age and Rs 500 per month to 80 years and above.
An amount of Rs 300 per month is given to the widows in the age group of 40-79 years and Rs 500 to 80 years and above.
For the differently-abled, the pension is fixed at Rs 300 per month up to 79 years of age and Rs 500 for 80 years and above.
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Besides this pension, Union Finance Minister Nirmala Sitharaman had on Thursday announced an ex gratia amount of Rs 1,000 over the next three months and it will be given in two instalments.
This is over and above the pension that has been given on a monthly basis.
EPFO to disburse pension early to 6.5 mn account holders
The Employees’ Provident Fund Organisation (EPFO) will disburse monthly pension to its 6.5 million account holders before the end of this March, in a bid to help subscribers tide over the outbreak of the COVID-19 coronavirus.
“Due to the corona virus pandemic, lock down has been declared in various parts of the country. In order to ensure that no inconvenience is caused to the pensioners on account of the prevalent situation, (the) Central Provident Fund Commissioner (of the EPFO) has directed the field offices to generate and reconcile pensioners’ details and pension amount statements for the current month by 25 March, 2020,” a statement issued by the labour and employment ministry on Monday said.
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It added that EPFO’s CPFC Sunil Barthwal has directed the officials to forward it to banks “so that the monthly pension is credited into the account of the pensioners in time i.e. during the month of March itself.”
An official explained that the EPFO usually sends the pension disbursement detail to banks on the last working day of the month (in this case, it would have been March 31). The pension is credited to the subscriber's account in the first week of the following month. This timeline has been advanced now.
Under the National Social Assistance Program (NSAP), a monthly pension is being given to the poor senior citizens, widows and persons with disabilities.
The program comes under the purview of the the Union Rural Development Ministry. There are 2.98-crore beneficiaries under this programme and the pensions are transferred directly to their bank accounts, officials said.
ALSO READ: Coronavirus LIVE: UK Prime Minister Boris Johnson tests positive
The Centre has decided to give three months pension in advance to all the 2.98-crore beneficiaries by the first week of April, according to the officials.
As per the NSAP, Rs 200 per month is given to senior citizens from 60-79 years of age and Rs 500 per month to 80 years and above.
An amount of Rs 300 per month is given to the widows in the age group of 40-79 years and Rs 500 to 80 years and above.
For the differently-abled, the pension is fixed at Rs 300 per month up to 79 years of age and Rs 500 for 80 years and above.
ALSO READ: Coronavirus lockdown: Govt unveils Rs 1.7-trillion package for the poor
Besides this pension, Union Finance Minister Nirmala Sitharaman had on Thursday announced an ex gratia amount of Rs 1,000 over the next three months and it will be given in two instalments.
This is over and above the pension that has been given on a monthly basis.
EPFO to disburse pension early to 6.5 mn account holders
The Employees’ Provident Fund Organisation (EPFO) will disburse monthly pension to its 6.5 million account holders before the end of this March, in a bid to help subscribers tide over the outbreak of the COVID-19 coronavirus.
“Due to the corona virus pandemic, lock down has been declared in various parts of the country. In order to ensure that no inconvenience is caused to the pensioners on account of the prevalent situation, (the) Central Provident Fund Commissioner (of the EPFO) has directed the field offices to generate and reconcile pensioners’ details and pension amount statements for the current month by 25 March, 2020,” a statement issued by the labour and employment ministry on Monday said.
ALSO READ: Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers
It added that EPFO’s CPFC Sunil Barthwal has directed the officials to forward it to banks “so that the monthly pension is credited into the account of the pensioners in time i.e. during the month of March itself.”
An official explained that the EPFO usually sends the pension disbursement detail to banks on the last working day of the month (in this case, it would have been March 31). The pension is credited to the subscriber's account in the first week of the following month. This timeline has been advanced now.
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