Kanuka Pension Plan: An Overview

The government launched YSR Pension Kanuka as a welfare measure to alleviate the miseries of the poor and vulnerable elements of society, notably the elderly and infirm, widows, and people with disabilities, in order for them to live a dignified life. Through this pension programme, incentives are offered to the socioeconomically deprived citizens of the state of Andhra Pradesh. In Andhra Pradesh, the backward group receives a predetermined amount of pension. The state offers a pension sum to help the socioeconomically disadvantaged individuals live their lives.

What Are the Benefits of the YSR Pension Kanuka?

The following are some of the characteristics of YSR Pension Kanuka:

• Under this pension arrangement, the government will provide Rs. 2250 to senior people in their state.
• According to the government, only senior citizens from the economically backward sections are eligible for benefits under this scheme.
• Under this pension scheme, the government would deposit pension funds directly into the beneficiaries' bank accounts.

What Are the Eligibility Requirements for YSR Pension Kanuka?

The following are the eligibility requirements for applying for YSR Pension Kanuka -

• A person must be a native of Andhra Pradesh to be eligible for pension benefits.
• This pension scheme is only offered to the poorest senior people.
• This pension system is only available to those over the age of 60.
• To be eligible for the pension system, the individual must be a member of a Below Poverty Line (BPL) household with a white ration card.

Types of Pensions covered by the YSR Pension Kanuka

The age conditions for persons belonging to various areas of labour to earn various forms of pension under YSR Pension Kanuka -

• Weavers pension: The age restriction is set at 50 years or older, and impoverished people are eligible.
• Widow pension:  The age restriction is 18 years or older.
• Toddy toppers pension: The age restriction is 50 years or older.
• Transgender pension: The age restriction is 18 years or older.
• Fisherman pension: The age restriction is 50 years or older.
• Traditional cobblers pension: The age restriction is 40 years or older.
• Dappu artists pension: The age restriction is 50 years or older.
• Single Women pension: (1) The age restriction for married women who have been alienated or abandoned for more than a year is 35 years or older. (2) Unmarried women in rural regions must be 30 years old or older, whereas unmarried women in urban areas must be 35 years old or older and unsupported by family.
• CKDU pension: No age limitations apply, but members must be experiencing CKDU.
• ART pension: There is no maximum age, but participants must have been on ART for at least six months.
• Handicapped pension:  There is no upper age restriction, but participants must be at least 40% disabled.

Endnotes

The residents of Andhra Pradesh can benefit from the YSR Pension Scheme in a variety of ways. For the population's well-being, around 12 separate categorizations have been devised. This initiative has benefitted around 16 lakh individuals in the state. The primary goal of this pension programme is to offer financial help to the state's poor.

Also Read: Consider These Factors Before Buying A Pension Plan