Thiruvananthapuram: The distribution of welfare pensions for July will begin on Friday, said Finance Minister K N Balagopal. A total of ₹831 crore has been sanctioned for disbursing the pensions.

Each of the 62 lakh beneficiaries will receive ₹1,600. Of these, over 26 lakh will have the amount credited directly to their bank accounts, while the rest will receive the pension through cooperative banks, which will deliver it to their homes.

For 8.46 lakh beneficiaries under the National Pension Scheme, the central government is responsible for the central share. To avoid delays, the state has advanced ₹24.31 crore, which will be disbursed through the Centre’s Public Financial Management System (PFMS).

TAGS

Google News Add as a preferred source on Google
Disclaimer: Comments posted here are the sole responsibility of the user and do not reflect the views of Onmanorama. Obscene or offensive remarks against any person, religion, community or nation are punishable under IT rules and may invite legal action.