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The Madhu Babu Pension Yojana (MBPY) is a beneficial scheme initiated under the Department of Social Security and Empowerment of Persons with Disabilities for the disabled, old age persons in the state of Odisha, India. The Madhu Babu Pension Yojana was launched by Chief Minister of Odisha, w.e.f. 01.01.2008 by merging the two pension schemes i ...
KALIA stand for " Krushak Assistance for Livelihood and Income Augmentation". This Sarakari Jojana has been launched by the state government of Odisha for the welfare of their farmers. ଓଡ଼ିଶା ଖାଦ୍ୟ ସୁରକ୍ଷା ଯୋଜନା Odisha Food Security Scheme (SFSS) 2 October 2018: Food supply and consumer welfare ...
On 18 November 2022, the state government of Punjab notified implementation of the OPS to the 1.75 lakh government employees who are presently being covered under the NPS. [ 27 ] 1.26 lakh employees are already covered in OPS and Rs 16,746 crore is accumulated in the pension funds of its manpower recruited after implementation of NPS in the state.
Other states have launched state pension schemes that cover individuals from non-BPL households who are not eligible for social pensions under NSAP. In Odisha, for instance, all elderly above 59 years of age and widows whose annual income from all sources is below ₹ 24,000 (US$280) are eligible for the Madhu Babu Pension Scheme. [11] As the ...
The Government of India has social welfare and social security schemes for India's citizens funded either by the central government, state government or concurrently. Schemes that the central government fully funds are referred to as "central sector schemes" (CS).
The Punjab State Legislatures Members (Pension and Medical Facilities Regulation) Amendment Bill 2022, was brought to stop multiple term pensions to ex-MLAs. The bill was passed on 30 June 2022 by the Punjab Assembly. The bill would save the state government Rs 19.53 crore annually. [24]
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security agencies under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance.
India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Programme (NSAP) for the elderly poor, the civil servants pension (now open for all) and the mandatory defined contribution pension programs run by the Employees' Provident Fund Organisation of India for private ...