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Akhilesh Yadav to launch Samajwadi Pension Scheme for 40 lakh families today

India TV News Desk 05 Nov 2014, 7:22:35 AM IST
India TV News Desk

Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav will today inaugurate the Samajwadi Pension Yojana for 40 lakh families, including those that come under Scheduled Castes (SC), Scheduled Tribes (ST) and minorities.

Under the 1st phase of this scheme, 12 lakh families from SC-ST category will be the beneficiaries. Apart from them, 10 lakh from the minority community and 18 lakh poor families from the backward and other categories will be the other beneficiaries.

On Friday, the government spokesman said the chief minister will launch the scheme at the Janeshwar Mishra park in Gomti Nagar by giving pension cards to the first lot of beneficiaries.

According to the Samajwadi Pension Scheme, the head of each beneficiary family will be entitled to Rs 500 on monthly basis in the first year of the scheme. Between the second and the sixth year, there are provisions of increasing the pension amount by Rs.50 per year.

Likewise, a beneficiary will get Rs.550 per month in the year 2015-16 and by the end of the sixth year, the amount would stabilize at Rs.750 per month, the spokesman added.