Old-age pension scheme in Jharkhand and Chhattisgarh
— Research — 1 min read
Published in: Economic and Political Weekly
A survey of the functioning of the National Old-Age Pension Scheme in two districts of Jharkhand and Chhattisgarh reveals that beneficiaries have difficulties in accessing the banking system and face inordinate delays in receiving their meagre pensions. Yet, the scheme functions as an important provider of social security to the elderly. The findings suggest that a reasonable increase in the amount of the pension and streamlining the delivery mechanism would significantly help reduce old-age vulnerabilities in the two states.