West Bengal Government to INCREASE Old Age Pension Scheme? Check Here

Good news about an increase in old-age pension might come during the Diwali season. The central government may instruct the state to increase the allowance, which could mean beneficiaries receive ₹1500 instead of the current ₹1000

Image Credit : Google

Old Age Pension

Great news this Diwali season! The old-age pension is set to increase soon. The Center may direct the state to raise the pension to ₹1500 for social security.

Image Credit : our own

Pension Scheme

Currently, residents get ₹1000 as old-age pension. It's rumored this will increase by ₹500. From now on, accounts will be credited with ₹1500.

Image Credit : iSTOCK

Rule to Change

The National Social Assistance Programme, providing monthly aid for various pensions, is seen as a central initiative. However, plans are underway to change this rule.

Image Credit : FREEPIK

Change in Pattern

The Center gives ₹200 (60-79 yrs) and ₹500 (80+ yrs). The state adds its share to make the total monthly pension ₹1000, which is provided by the state.

Image Credit : FREEPIK

Centre, State Both to Increase?

Reports say the Center will raise its contribution to ₹600. The central govt will now pay 60%, and the state will pay the rest. Many expect the total pension to become ₹1500.