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Kerala govt sets aside Rs 900 crore for social security pension payment | Personal Finance

Kerala govt sets aside Rs 900 crore for social security pension payment | Personal Finance

The Kerala government on Sunday announced that the disbursement of part of the social security pension will begin in the state from July 24.

Insurance, pension
The left-wing government in the state has recently come under heavy criticism from various quarters, including opposition parties, for excessive delay in pension arrears. Representative picture

Press confidence of India Thiruvananthapuram

The Kerala government on Sunday announced that the disbursement of part of the social security pension will begin in the state from July 24.

State Finance Minister KN Balagopal said the rightful beneficiaries would get Rs 1,600 each.

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The Finance Department has set aside Rs 900 crore for this purpose, he said in a statement.

Those who provided the bank account number will receive their pension through the bank and others will receive the amount through cooperatives, the report said.

This year’s state budget announced that measures would be taken for the monthly payment of the pension, the finance minister said.

According to the budget guarantee, the pension has been paid out monthly without any problems since March this year, Balagopal said.

The left-wing government in the state has recently come under heavy criticism from various quarters, including opposition parties, for excessive delays in pension payments.