Indira Gandhi National Old Age Pension Scheme is a non-contributory scheme launched by the Ministry of Rural Development in India, to provide pension to people above 60 years of age, living below the poverty line (BPL). It is a social pension scheme and a part of the National Social Assistance Program (NSAP). The scheme provides a monthly income for citizens or to refugees above 60 years, who have no other source of income.
Want to know more on Retirement Planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
SEE ALSO: Pension Plans in India
National Social Assistance Programme (NSAP) is a scheme launched by the Union Government that provides financial assistance to the elderly people with disabilities and also widows by giving them monthly pensions. These schemes are offered to people or households who are living below the poverty line. The National Social Assistance Program came into force on the 15th of August 1955.
Listed below are the main features of Indira Gandhi Old Age Pension Scheme:
SEE ALSO: What is a Retirement Planning?
An applicant must meet the below mentioned eligibility criteria to apply to the IGNOAP scheme:
There are two categories of pension offered according to the age of the beneficiary. For BPL citizens of age group 60-79 years, the pension amount is Rs 200 a month. BPL citizens who are 80 years or above receive a pension amount of Rs 500 a month.
SEE ALSO: Retirement Planner
The documents that must be submitted by the applicants of Indira Gandhi National Old Age Pension scheme are given below:
SEE ALSO: Retirement Planning In India
Given below are the steps that the applicant must follow to apply to the Indira Gandhi National Old Age Pension Scheme. To apply to this scheme, the applicants in the rural area must visit the Block Development Office and the District Social Welfare Officer to apply for the IGNOAP scheme in the urban area:
After applying for the Indira Gandhi National Old Age Pension Scheme he/she can track the application by visiting the official website of the NASP. The process of tracking the application is as follows:
The Government will directly transfer the pension amount to the bank account or post office account of the beneficiary, as per the documents submitted by the applicant.
The applicant can easily find the pension payment details online by visiting the official NASP website. The details can be found in two ways:
You May Also Watch:
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.