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40 LAKH FAMILIES IN UTTAR PRADESH TO BE COVERED UNDER SAMAJWADI PENSION YOJNA

Image Source - static.english.pradesh18.com

Image Source – static.english.pradesh18.com

May 02, 2016

“Priority is to aid poorest among the poor first.” ~ Akhilesh Yadav, Chief Minister Uttar Pradesh

Samajwadi Pension Yojna is a pension scheme launched by the Government of Uttar Pradesh to encourage savings among people living below the poverty line and provide them financial assistance. The new pension scheme aims at providing financial assistance to 40 lakhs of rural families living below poverty line  The Samajwadi Pension scheme has replaced the existing pension scheme in Uttar Pradesh namely Rani Laxmibai Pension Yojna.

Objective

The main objective of Samajwadi Pension Yojna is to improve the financial condition of all category citizens of Uttar Pradesh. For this reason, Samajwadi Pension Scheme is launched for all categories like SC, ST, OBC and General category of the Rural and urban area.

Key features and benefits of Samajwadi Pension Yojana

 Any family enrolled under the Samajwadi Pension Yojana can enjoy the following benefits and a number of attractive features:

  1. The scheme provides a monthly pension of Rs. 500 each rural family.
  2. The pension amount increases by Rs. 50 in the subsequent financial years.
  3. The maximum pension limit offered by the Samajwadi Pension Yojana scheme is Rs.750 per month.
  4. The selection of the families would be done at the Gram Panchayat level.
  5. The scheme is particularly designed for families living below the poverty line in Uttar Pradesh.
  6. A bank account is mandatory to avail the benefits of this scheme.
  7. The pension will be paid to the head of a family. It will transferred electronically to bank accounts of concerned individuals.
  8. The Samajwadi Pension Scheme is available online.
  9. All districts of Uttar Pradesh are covered under this scheme.

Beneficiaries

According to the government, an estimated 40 lakh families will benefit from the scheme and the government plans to cover around 1 crore people in the next few years. In year 2014-15, around 4 to 6 lakh poor families applied for this scheme.

Uttar Pradesh Government has introduced this new pension scheme to provide financial assistance to poor families. 

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