Personal Finance News
2 min read | Updated on November 25, 2024, 14:45 IST
SUMMARY
The Delhi government has announced that an additional 80,000 senior citizens are now eligible for the state’s old-age pension scheme.
Delhi old-age pension scheme: A newly launched portal for pension applications has already received 10,000 submissions.
Aam Aadmi Party (AAP) supremo Arvind Kejriwal on Monday said an additional 80,000 people are now eligible for old-age pension in Delhi. Addressing a press conference, the former Delhi chief minister claimed that the newly-launched portal for elderly residents has already received 10,000 applications for old-age pension.
Highlighting the financial support provided under the scheme, Kejriwal said Delhi offers the highest old-age pension rates in the country: ₹2,000 per month for individuals aged 60-69 and ₹2,500 for those above 70. Minister Saurabh Bharadwaj, who was present at the press briefing alongside Delhi CM Atishi Bhardwaj, added that plans are underway to extend ₹5,000 monthly pensions to differently-abled individuals.
The old-age pension scheme is aimed at helping senior citizens who have no steady source of income or family support.
To qualify, applicants need to meet the following criteria:
Be at least 60 years old.
Have resided in Delhi for at least five years.
Have a family income of less than ₹1,00,000 annually, including earnings from all sources.
Hold a valid Aadhaar card linked to a single-operated bank account in Delhi.
Not be receiving any similar pension or financial assistance from other government sources.
Applications are typically processed within 45 days, and successful applicants start receiving pensions from the month following approval.
The pension is credited directly into the beneficiary’s Aadhaar-linked bank account through the Public Financial Management System (PFMS).
₹2,000 per month for individuals aged 60-69.
₹2,500 per month for those aged 70 and above.
For SC/ST/Minority beneficiaries in the 60-69 age group, the amount is ₹2,500 per month.
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