Seven important schemes for financial and food security for senior citizens of in India, we must know and educate who may need it the most. spread the information and smile from our elders in the society.
Indian Government is actively working towards ensuring health and care for senior citizens. Besides central govt, many state government such as Karnataka, Maharashtra and other states are providing elderly with pension scheme to secure their retired life. These schemes an be availed by senior citizens staying alone, with family or old age home alike.
The notable schemes for seniors are:
National Social Assistance Programme (NSAP): Under The Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is a social security pension scheme for senior citizens in India. It is a government-sponsored scheme that aims to provide financial assistance to old and destitute people who have no means of subsistence and are living below the poverty line. Under the scheme, senior citizens above the age of 60 years who belong to the Below Poverty Line (BPL) category are eligible for a monthly pension of Rs. 400 per month.
Pradhan Mantri Vaya Vandana Yojana (PMVVY): This scheme is a pension scheme that offers a guaranteed monthly income to senior citizens above 60 years of age. The scheme offers a guaranteed return per annum for 10 years.
Senior Citizen Saving Scheme (SCSS): This scheme is a savings scheme that offers a higher interest rate to senior citizens above 60 years of age.
Atal Pension Yojana (APY): This scheme is a pension scheme aimed at providing a regular income to senior citizens above 60 years of age.
National Pension System (NPS): This is a voluntary retirement savings scheme launched by the government of India for all citizens aged between 18 and 60 years. Senior citizens can also invest in NPS and avail tax benefits
Pradhan Mantri Jan Arogya Yojana (PMJAY): This is a health insurance scheme launched by the government of India for the poor and vulnerable sections of the society, including senior citizens. The scheme provides coverage up to Rs. 5 lakh per family per year for secondary and tertiary hospitalization.
Annapurna Scheme: This is a food security scheme launched by the government of India for senior citizens who are unable to fend for themselves. Under the scheme, eligible beneficiaries are provided with 10 kg of food grains per month.
Many of the schemes mentioned here are not onle for senior citizen but the under-privileged segment, who don’t have access to important information at their disposal. Let’s do our bit to spread awareness.
