Everything You Need to Know About YSR Pension Kanuka

Residents of Andhra Pradesh might profit first from the YSR Pension Scheme in what seems like a variety of ways. For the population's well-being, around 12 separate categorizations have been devised. Approximately 16 lakh residents of the state have benefited from this project. The primary goal of this pension program is to offer financial help to the state's poor.

The Andhra Pradesh government founded the YSR Pension Kanuka as part of its social development efforts to support the impoverished and disabled. Its goal is to provide a decent level of living for the poor and disabled, particularly widows, the elderly, and crippled persons. To get to know and find out more about YSR Pension Kanuka life insurance, read on.

What Are Some Of The Features Of YSR Pension Kanuka?

Following are the listed features of YSR Pension Kanuka -

1. Under this pension scheme, the administration will provide Rs. 2250 to senior citizens in their state.
2. As Per the government, mainly senior people from the Economically Backward Sections are qualified under such a scheme.
3. Under this pension scheme, the government should send the retirement cash straight to the recipients' savings accounts.

What Are The Requirements For The Eligibility Criteria For YSR Pension Kanuka?

Following are the requirements for a person to be eligible for a YSR Pension Kanuka -

1. To be eligible for rewards via the pension scheme in Andhra Pradesh, a person must be a resident of the state.
2. This retirement fund will only be offered to the poorest among the aged.
3. This retirement fund is only available to those who are at least 60 years old.
4. To be qualified for such a retirement fund, an individual must be a member of a Below Poverty Line (BPL) household with something like a white ration card.

The age conditions for persons belonging to various areas of labor to obtain various sorts of pensions under the YSR Pension Kanuka are stated below -

1. Old age pension – The age restriction is set at 60 years or older for those who need to sustain themselves.
2. Weavers pension – The age restriction is set at 50 years or more, and destitute people are excluded.
3. Widow pension – The age restriction is set at 18 years old or older.
4. Toddy toppers pension – The age restriction is set at 50 years old or older.
5. Transgender pension – The age restriction is set at 50 years old or older.
6. Fisherman pension – The age restriction is set at 50 years old or older.
7. Traditional cobblers pension – The age restriction is set at 40 years or older.
8. Dappu artist's pension – The age restriction is set at 50 years old or older.
9. Single women pension – (1) The age limit for married women who've been separated or deserted for further than a year and they are 35 years or older. (2) In rural regions, unmarried women have to be 30 years old or older, but in urban areas, unmarried women would have to be 35 years old or older without family support.
10. CKDU pension – Participants should be attending CKDU and have no age limitations.
11. ART pension – Applicants should be on ART and at least 6 months and have no maximum age limit.
12. Disabled pension – Even though there is no maximum age, individuals should be at least 40% handicapped.

Who Are The Authorities In Charge?

1. In Rural Areas - In rural regions, the Mandal Parishad Development Officer (MPDO) is now in charge of approving the retirement fund.
2. In Urban Areas - In urban regions, the Municipal Commissioner is responsible for authorising the pension amount for recipients.

Endnotes

Residents of Andhra Pradesh may profit first from the YSR Pension Scheme in a variety of ways. For the population's well-being, around 12 separate categorizations have been devised. Approximately 16 lakh residents of the state have benefited from this project. The primary goal of this pension program is to offer financial help to the state's poor.

Also Read: What Is Annuity And How Does It Work?

Retirement Planning Tips You Should Know About

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.