Bihar first state to launch universal old-age pension scheme
Written by: ForumIASPosted on Last modified on Comments
Bihar state government has launched a universal
old age pension scheme—Mukhyamantri Vridhajan Pension Yojana (MVPY)
Under the scheme, a person above the age of 60
(if they are not getting any another pension from state or central government),
irrespective of their financial, family or caste status will get a sum of Rs.
400/ month directly in their bank account.
Each person above at the age of 80 or above will
get a pension of Rs. 500/ month directly in their bank account.
Bihar has become the first state in India to
launch a universal old age pension scheme. In other states, old age pensions
are provided only to members of either BPL family or SC/ST or widows or
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