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What Is A Samajik Suraksha Pension Yojana?

The primary objective of the Samajik Suraksha Pension Yojana (SSPY) is to provide financial aid to senior citizens from BPL households.

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Outlook Money
February 7, 2024
Samajik Suraksha Pension

Samajik Suraksha Pension

Samajik Suraksha Pension Yojana (SSPY) is a social security pension scheme initiated by the central government in collaboration with the states. Unlike other central government initiatives, such as the National Pension System (NPS), Atal Pension Yojana (APY), Varishtha Pension Bima Yojana (VPBY), etc.,SSPY is implemented in collaboration with the state governments to ensure financial security for the improvised people from the unorganised sector.

Here are some states providing the Samajik Suraksha Pension Yojana (SSPY):

Samajik Suraksha Pension Bihar

Bihar provides the Samajik Suraksha Pension to people below the poverty line (BPL) category. To be eligible, the person must be 60 and above with an income of not more than Rs 5,000 in the rural areas and Rs 5,500 in the urban areas. Every eligible beneficiary is paid a minimum of Rs 300 per month, dispersed through the post office. The panchayat or the Gram Sabha periodically prepares the beneficiary list for pension distribution. Additionally, to avail of this scheme, the beneficiary should not be enrolled in other pension schemes such as the Indira Gandhi National Old Age Pension Scheme (IGNOAPS).

 Also Read: Should You Buy Pension Plans With Life Coverage Or Purchase Separately?

Samajik Suraksha Pension Madhya Pradesh

The Madhya Pradesh government provides this scheme under the Samagra Samajik Suraksha Mission. Eligible people can apply for this pension scheme through the Samagra Portal. Under this scheme, it gives pensions to seniors, destitute women, widows aged 18-65, differently abled, and people belonging to the BPL category. The MP government offers a monthly pension of Rs. 600 under this scheme. The beneficiary will require a Samagra ID to log into the portal to apply for the scheme or to gather information on other pension benefits of the state government.

Samajik Suraksha Pension Rajasthan

The Rajasthan government also offers this pension scheme to the state’s permanent residents. To be eligible, the person must be over 58 years old with an income not exceeding Rs 48,000. The “Tahsildar” or “Patwari” prepares the beneficiary list and submits it to the Sub Divisional Officer (SDO) in the urban areas and the Block Development Officer (BDO) in the rural areas for approval and pension distribution. The eligible person gets a monthly pension of Rs 1,000 under the scheme. The Rajasthan government also facilitates other central aid under the National Social Assistance Programme (NSAP) for the old and marginalised people in the state.

The scheme’s primary objective is to provide financial aid to senior citizens from BPL households. Besides senior citizens, the SSPY scheme extends financial assistance to needy, underprivileged and differently-abled people.

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