SignIn
Kerala Kaumudi Online
Sunday, 14 July 2024 4.07 AM IST

Finance Department sanctions Rs.900 crore; welfare pension disbursement from Wednesday

pension

THIRUVANANTHAPURAM: Welfare pension for one month will be distributed from next Wednesday. The Finance Department has sanctioned Rs 900 crore to settle one month's pension arrears. Finance Minister KN Balagopal informed that of the 62 lakh welfare pension beneficiaries, all those who have completed mustering will receive the amount. Five months of pension arrears are now to be distributed. Two months' dues were distributed before the Lok Sabha elections.

The government had earlier announced that the pension would be distributed from April onwards. Efforts were made to find the amount for pension distribution by forming a cooperative consortium, but the finance department was unable to raise the expected amount. The government says that the severe financial crisis is the reason behind the delay in the distribution of welfare pensions. The central government had given permission to the state to borrow another 18253 crore rupees recently.

Pension will be delivered through account to those who have bank account and directly to home through cooperative societies for the rest.

JOIN THE DISCUSSION
TAGS: FINANCE, PENSION, WELFARE
KERALA KAUMUDI EPAPER
TRENDING IN KERALA
TRENDING IN KERALA
X
Lorem ipsum dolor sit amet
consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
We respect your privacy. Your information is safe and will never be shared.