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Kerala govt allocates Rs 900 cr for social security pension installment | Personal Finance


Representational image

The Left government in the state recently faced intense criticism from various quarters, including from opposition parties over the inordinate delay of pension arrears. Representational image


The Kerala government on Sunday announced that the distribution of an installment of the social security pension would begin in the state on July 24.


State Finance Minister K N Balagopal said the deserved beneficiaries would get Rs 1,600 each.


The Finance department has allocated Rs 900 crore for the same, he said in a statement here.


Those who have given the bank account number would receive their pension via bank and others would receive the amount through cooperative societies, it said.

 


It was announced in this year’s state budget that steps would be taken for the monthly distribution of the pension, the finance minister said.


As per the budget assurance, pension has been distributed on a monthly basis without any fail since March this year, Balagopal added.


The Left government in the state recently faced intense criticism from various quarters, including from opposition parties over the inordinate delay of pension arrears.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jul 21 2024 | 10:57 PM IST



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