The Uttar Pradesh government has launched the Samajwadi Pension Scheme with an aim to benefit almost 4 million poor households.
Beneficiaries would be selected from among the Below Poverty Line (BPL) families.
The Akhilesh Yadav government would incur Rs 2,400 crore on the scheme during the current financial year alone. Beneficiaries would get Rs 500 as monthly pension, which would be increased by Rs 50 every year. The government might seek allocation in the supplementary Budget, to be tabled in the Assembly during the budget session starting February 19.
This government already has populist schemes such as Kanya Vidyadhan Scheme, free laptop scheme, farmers’ agri loan waiver.
The state social welfare department has already started selecting beneficiaries for the pension scheme. Chief Secretary Jawed Usmani has directed commissioners and district magistrates to implement the scheme in right earnest.
Those registered under the scheme till March 31, 2014, would get the benefits pertaining to 2013-14.
According to a government order (GO) issued on February 7, about 1.2 million Scheduled Caste (SC) families, one million minorities’ families and 1.8 million families belonging to the backward classes and general categories would benefit.
Pension would be transferred to the registered bank account of the woman head of the respective family.
In the beginning, the pension would be paid on quarterly basis. It would be made monthly later.