pardhan mantri vaya vandana scheme for 60 above year and 2 year past in death for husband or wife for include this vrudh sahay yojana. This scheme are total up tp 20000 help for goverment by vrudh.
The Social Security Department facilitates to avail social empowerment through the activities of welfare and rehabilitation of the weaker sections of the society like Orphans, destitute, children and youths, who are turned to offensive activities and the girls who became prey to the circumstances, physically and mentally disabled children and adults, old aged persons, destitute widows and beggars.
Indira Gandhi National old pension (Vaya Vandana scheme):
(A) Eligibility Criteria:
60 years or more
Member of the family in 0 to 20 score of BPL list
(B) A place to give application: respective mamlatdar office, Jan Seva Kendra of respective district collector offices
(C) Documents to be attached with the application
(D) Monthly Assistance: Rs.500/- for 60 to 79 age group and Rs. 1000/- for more than 80 years which also includes Rs. 500/- by State Government
(E) Mode of assistance: Bymoneyorder. Option to get financial assistance through Post Account or Bank Account pension by D.B.T. credit.
National Family Support Scheme- SankatMochan (NFBS):
(A) vrudh sahay yojana Eligibility Criteria:
The family should be in BPL List
The natural or accidental death of the main income earner of the family
Age of dead male or female should be more than 18 years and less than 60 years
Application to be submitted within 2 years after the death
(B) Benefits: Rs. 20,000/- to the family.
(C) Where to apply?
Apply to respective Taluka Mamlatdar.
The Taluka Mamlatdars are authorized to approve or disapprove the assistance under this scheme. An appeal can be given to Prant Officer in 60 days in case of disapproval of the application.
Benifit of vrudh sahay yojana
Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.
Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.
The scheme is exempted from Service Tax/ GST.
On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.
Loan upto 75% of Purchase Price shall be allowed after 3 policy years (to meet the liquidity needs). Loan interest shall be recovered from the pension installments and loan to be recovered from claim proceeds.
The scheme also allows for premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98% of the Purchase Price shall be refunded.
On death of the pensioner during the policy term of 10 years, the Purchase Price shall be paid to the beneficiary.
The ceiling of maximum pension is for a family as a whole, the family will comprise of pensioner, his/her spouse and dependants.
The shortfall owing to the difference between the interest guaranteed and the actual interest earned and the expenses relating to administration shall be subsidized by the Government of India and reimbursed to the Corporation.
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