pension

THIRUVANANTHAPURAM: Chief Minister Pinarayi Vijayan announced that Rs 1,762 crore has been allocated for the distribution of welfare pensions ahead of Onam. Approximately 60 lakh individuals will receive Rs 3,200 each for a two-month pension. Rs 1,550 crore has been earmarked for providing social security pensions and Rs 212 crore has been set aside for distributing pensions to government-aided welfare boards.

The Chief Minister conveyed on Facebook that the pension distribution will commence from the second week of this month and will continue until the 23rd. Roughly half of the pension beneficiaries will have the pension amount credited directly to their bank accounts. For the remaining recipients, pensions will be distributed through cooperative societies.

Chief Minister's Facebook post:

Onam presents a vision of a world where everyone lives happily and contentedly. The initiation of pension disbursement to 60 lakh welfare pension beneficiaries is a step towards making this Onam more prosperous. The government has sanctioned Rs 1,762 crore for two months of social security and welfare pensions as Onam gifts.

An allocation of Rs 1,550 crore has been made for the payment of social security pensions and Rs 212 crore for the distribution of pensions to government-aided welfare boards. The distribution will commence from the second week of this month and will continue until the 23rd. Approximately half of the pension beneficiaries will receive the pension amount in their bank accounts while the rest will obtain their pensions through cooperative societies.

Kerala is grappling with significant financial constraints as numerous schemes and tax allocations due from the central government have been withheld. Even amid this crisis, the LDF government is taking several measures to ensure the well-being of the underprivileged. The uninterrupted provision of welfare pensions is a continuation of this vision of people's development. These developmental strides are the building blocks of a more splendid Kerala, where everyone lives happily.