Assam government launches pension scheme for senior citizens

By: |
October 02, 2018 8:40 PM

Assam Chief Minister Sarbananda Sonowal launched the Swahid Kushal Konwar Sarbajanin Briddha Pension Achoni, coinciding with the 149th birth anniversary of Mahatma Gandhi.

pension scheme, Assam pension scheme, pension scheme for senior citizens, pension scheme assam, Swahid Kushal Konwar Sarbajanin Briddha Pension Achoni, Sarbananda SonowalAssam Chief Minister Sarbananda Sonowal launched the Swahid Kushal Konwar Sarbajanin Briddha Pension Achoni, coinciding with the 149th birth anniversary of Mahatma Gandhi.

Assam government Tuesday launched an ambitious pension scheme covering all senior citizens of the state that will entail an annual expenditure of Rs 400 crore. In a function held here, Assam Chief Minister Sarbananda Sonowal launched the Swahid Kushal Konwar Sarbajanin Briddha Pension Achoni, coinciding with the 149th birth anniversary of Mahatma Gandhi.

Sonowal said: “Showing respect to senior citizens of the society is our custom and tradition. Therefore, the state government has in its own way decided to lend dignity to the lives of all the senior citizens of the state and endeavoured to provide financial assistance.”

All senior citizens above 60 years of age are entitled to get the benefit of the scheme through Direct Benefit Transfer (DBT) to their bank accounts, he added. “The scheme is one of its kind in the country as the state government designed it from its own resources with an annual financial involvement of Rs 400 crore. It will be for all senior citizens irrespective of their financial and societal affiliations,” Sonowal said.

During the event, he distributes benefits of the scheme through DBT to two lakh beneficiaries. Commenting on development, Assam Finance Minister Himanta Biswa Sarma said 15,000-20,000 people in every constituency will benefit from the scheme as payment will be made on the first day of every month to the respective accounts from the state treasury.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Supreme Court says UP govt must dispel doubts that it is dragging its feet on Lakhimpur Kheri incident
2Fugitive diamond merchant Nirav Modi’s UK extradition appeal to be heard on December 14
3PM Modi to virtually interact with Goans on October 23: CM Pramod Sawant