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Bihar first state to launch universal old-age pension scheme

  1. Bihar state government has launched a universal old age pension scheme—Mukhyamantri Vridhajan Pension Yojana (MVPY)
  2. 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.
  3. Each person above at the age of 80 or above will get a pension of Rs. 500/ month directly in their bank account.
  4. 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 disabled persons.

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