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Pension Amount Increased: Good News! Pension amount doubled, know who will get the benefit?

Pension Amount Increased: The Rajasthan government has increased the monthly pension given under social security. Keeping a humanitarian approach, Chief Minister Ashok Gehlot has approved the proposal to increase the monthly pension amount given under social security. At present, the pension which is payable at the rate of Rs 500-750 per month, will now be minimum Rs 1,000 per month going forward.

With the approval of CM Gehlot, the pensioners will get financial help. Eligible applicants for old age, single women, disabled, small and marginal farmer pension will get increased pension amount from the month of May, which will be payable on June 1, 2023.

Burden will increase on the government

The increase in pension rates in social security pension schemes will now put an additional burden of Rs 185 crore per month and Rs 2222.70 crore per year on the state government. Right now about 700 crore rupees are being spent every month. It is noteworthy that in the budget of the year 2023-24, the Chief Minister had announced to increase the minimum pension amount to Rs 1,000 per month.

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @insuranceindiaain@gmail.com
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