Question

What is the primary purpose of the Old Age Pension Scheme in Kerala?

• A. To provide financial support to all citizens above 60.
• B. To offer a monthly pension to low-income citizens aged 60 and above.
• C. To encourage savings for retirement among senior citizens.
• D. To fund healthcare services for the elderly.

Answer 1

Answer:

B. To offer a monthly pension to low-income citizens aged 60 and above.

Old Age Pension Scheme in Kerala - Key Details for Competitive Exams

• Primary Objective: The main goal of the Old Age Pension Scheme in Kerala is to provide financial security to elderly individuals who have limited income.
• Beneficiary Criteria: It specifically targets citizens who have attained the age of 60 years and belong to low-income groups.
• Benefit Structure: Eligible individuals receive a monthly pension amount, offering a consistent source of income.
• Social Welfare Focus: This scheme is a significant part of Kerala's welfare-oriented development model, aiming to reduce poverty and improve the living standards of the elderly.
• Government Initiative: It is a flagship social security program implemented by the Government of Kerala.
• Economic Impact: The scheme contributes to the local economy by providing disposable income to a vulnerable population segment.
• Eligibility Verification: Applicants typically need to meet specific income and age criteria, often verified through official documentation.
• Funding: The scheme is funded through state government allocations, making it a crucial component of public expenditure in social welfare.
• Related Schemes: Often operates alongside other social security pensions for widows, differently-abled individuals, and destitute women, forming a comprehensive safety net.
• Evolution: Pension amounts and eligibility criteria may be revised periodically by the government to address inflation and changing socio-economic conditions.