Madhu Babu Pension Yojana: Application Process, Eligibility—All You Need To Know
All eligible beneficiaries, including senior citizens, differently-abled people, and those suffering from leprosy and AIDS, can apply for the Madhu Babu Pension Yojana.
All eligible beneficiaries, including senior citizens, differently-abled people, and those suffering from leprosy and AIDS, can apply for the Madhu Babu Pension Yojana.
Madhu babu Pension Yojana.
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The Madhu Babu Pension Yojana (MBPY) is a pension scheme launched by the Odisha government’s Women & Child Development Department on January 1, 2008. All eligible beneficiaries, including senior citizens, differently abled people, and those suffering from leprosy and AIDS, can apply. Those aged 60-79 receive Rs 500 per month, while those aged 80 and above receive Rs 700 per month. The pension is disbursed on the 15th of every month on “Jana Sewa Diwas.”
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The beneficiary can be those aged 60 and older, a widower, a leprosy patient with visible deformity, those unable to do normal work due to deformity or disability, an AIDS patient identified by the state or district AIDS control society or the widow of an AIDS patient. The family income should not exceed Rs 24,000 per annum, and the applicant should be a permanent resident of Odisha. They should not receive any other pension from the union, state government, or any organization aided by either government.
Depending on the applicable category, the applicant must provide three attested copies of recent passport-size photographs, a family income certificate from the Tahsildar, a disability certificate with percentage of disability, a medical certificate for leprosy and loss of limbs, and a recommendation from the Orissa State AIDS Control Society for AIDS patients. The age proof can be based on the electoral roll of the gram panchayat, municipality, school leaving certificate, or birth registration certificate. If none of these are available, an age certificate from a Medical officer not below the rank of an assistant surgeon of a public health centre must be furnished.
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The application form can be obtained for free from the office of the block development officer (BDO) or the executive officer of the municipality and gram panchayat. It must be filled in triplicate and submitted to the BDO in rural areas, the executive officer of the municipality in urban areas, or the officer disbursing the pension at the disbursement centre. They will receive the acknowledgement receipt on the spot. To process the application at the block level, they must submit it to the BDO for entry in the register.
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The concerned senior officials verify the documents to check the applicant’s eligibility. After verification, the BDO recommends the eligible beneficiaries to the sub-collector within 15 days for sanction. The sub-collector also maintains a register of the beneficiaries.
The sub-collector examines the applications within 15 days before giving the final approval. The pension amount is disbursed according to the final list in the register.
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Both PPF and NPS offer good options for the self-employed to build a retirement corpus. But the choice of the right investment instrument would depend on a lot of factors, such as the time duration that you can give to your fund to grow, and the ability to make partial withdrawals, among others
LIC’s ‘Jeevan Utsav’ scheme is a guaranteed income plan for life, and anyone aged 90 days to 65 years is eligible for the policy.
There are 67.95 lakh central government pensioners, and defence constitutes the highest share, with around 33.87 lakh.
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