UP Hikes Monthly Grants For Destitute Widows At Par With Old-Age Pension: Know Details
The monthly pension for impoverished women in Uttar Pradesh has been hiked to Rs 1,000 in the 2024-25 budget, twice the amount they currently receive.
The monthly pension for impoverished women in Uttar Pradesh has been hiked to Rs 1,000 in the 2024-25 budget, twice the amount they currently receive.
UP Hikes Monthly Grants For Destitute Widows
Uttar Pradesh Finance Minister Suresh Kumar Khanna, on Monday, tabled the state budget for FY 2024-25, with total expenditure pegged at Rs 7.36 lakh crore, up from Rs 6.90 lakh crore in FY 2023-24, and total receipts pegged at Rs 7.21 lakh crore for the new financial year. The Government of UP Hikes Monthly Grants For Destitute i.e. The budget has enhanced the monthly pension for destitute women widows by Rs 500 to Rs 1,000.
This monthly pension scheme is open for women aged 18 and older. To be eligible, the beneficiary or her family’s income from all sources should not exceed Rs 2 lakh annually. She can apply for a pension after her husband’s death and should be a permanent state resident. Additionally, she shouldn’t receive any other state or central government pension.
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The applicant must provide the necessary documents, such as a passport-size photo, a death certificate of the husband, a photocopy of her bank passbook, and an income statement as stated on the state’s social security website.
According to the state’s integrated pension portal (sspy-up.gov.in), 28,62,724 destitute women received pensions totaling Rs 855.07 crore in FY 2022-23. Now The Government of UP Hikes Monthly Grants For Destitute by Rs 500 to Rs 1,000.
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As of the third quarter of FY 2023-24, around 31,28,000 destitute women benefitted from the scheme, the minister said in his budget speech.
Also Read: Choose From These Types Of SIPs To Build A Strong Corpus For Your Retirement Years
The impoverished women’s widow pension has no upper age limit and stops if the beneficiary starts receiving a pension from other schemes. For instance, it will stop if she begins receiving a pension for senior citizens aged 60 years and above, provided to both men and women.
Under the old-age pension scheme, the applicant must be 60 years and above, with an annual income of not more than Rs 46,080 in rural and Rs 56,460 in urban areas. They must provide a passport-size photograph and an income certificate to avail of the benefits. The pension amount for destitute women widows has come at par with the old age pension at Rs 1,000 after the hike for FY2024-25. However, the eligibility criteria are different for the schemes.
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The interest on senior citizen FD is usually 0.5 per cent higher than the regular interest of a bank. It can differ from bank to bank. Currently, the highest one is 7.9 per cent.
The Karnataka government’s Gruha Lakshmi Scheme aims to provide financial security for women in the state.
Has seven options to choose from, including additional payout, five lump sum payment for better healthcare and lifestyle requirement in retirement years
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