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The document summarizes several key government schemes and initiatives in India that provide social security benefits and assistance to senior citizens, including the Integrated Programme for Older Persons (IPOP), Rashtriya Vayoshri Yojana (RVY), Indira Gandhi National Old Age Pension Scheme (IGNOAPS), Varishtha Pension Bima Yojana (VPBY), Pradhan Mantri Vaya Vandana Yojana (PNVVY), and Vayoshreshtha Samman. These schemes provide benefits such as pensions, medical care, assistive devices, and national awards recognizing contributions of senior citizens. The Ministry of Social Justice and Empowerment, Ministry of Rural Development

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09 AYUSHI TIWARI BCOM 2H
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42 views

Research

The document summarizes several key government schemes and initiatives in India that provide social security benefits and assistance to senior citizens, including the Integrated Programme for Older Persons (IPOP), Rashtriya Vayoshri Yojana (RVY), Indira Gandhi National Old Age Pension Scheme (IGNOAPS), Varishtha Pension Bima Yojana (VPBY), Pradhan Mantri Vaya Vandana Yojana (PNVVY), and Vayoshreshtha Samman. These schemes provide benefits such as pensions, medical care, assistive devices, and national awards recognizing contributions of senior citizens. The Ministry of Social Justice and Empowerment, Ministry of Rural Development

Uploaded by

09 AYUSHI TIWARI BCOM 2H
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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A Research Paper on Pradhan Mantri Matru Vandana Yojana’ (PMMVY) (ijtsrd.

com)

Government Schemes for Senior Citizens They Must Know (thequint.com)

8 Government Pension Schemes for Senior Citizens | Pension Schemes in India (jupiter.money)

Recent initiatives by government


 Integrated Programme for Older Persons (IPOP)

 Ministry of Social Justice and Empowerment is a nodal agency


for the welfare of elderly people. The main objective of the
scheme is to improve the quality of life of older persons by
providing basic amenities like shelter, food, medical care and
entertainment opportunities, etc.
 Rashtriya Vayoshri Yojana (RVY)

 This scheme is run by the Ministry of Social Justice and


Empowerment. This is a central sector scheme funded from the
Senior Citizens’ Welfare Fund. The fund was notified in the year
2016. All unclaimed amounts from small savings accounts, PPF
and EPF are to be transferred to this fund.
 Under the RVY scheme, aids and assistive living devices are
provided to senior citizens belonging to BPL category who
suffer from age-related disabilities such as low vision, hearing
impairment, loss of teeth and locomotor disabilities. The aids
and assistive devices, viz walking sticks, elbow crutches,
walkers/crutches, tripods/quad pods, hearing aids, wheelchairs,
artificial dentures and spectacles are provided to eligible
beneficiaries.
 The scheme is being implemented by Artificial Limbs
Manufacturing Corporation of India (ALIMCO), which is a public
sector undertaking under the Ministry of Social Justice and
Empowerment.
 Indira Gandhi National Old Age Pension Scheme (IGNOAPS)
 The Ministry of Rural Development runs the National Social
Assistance Programme (NSAP) that extends social assistance
for poor households for the aged, widows, disabled, and in
cases of death where the breadwinner has passed away.
 Under this scheme, financial assistance is provided to person of
60 years and above and belonging to family living below poverty
line as per the criteria prescribed by Government of India.
Central assistance of Rs 200 per month is provided to person in
the age group of 60-79 years and Rs 500 per month to persons
of 80 years and above.
 Varishtha Pension Bima Yojana (VPBY)

 This scheme is run by the Ministry of Finance. The Varishtha


Pension Bima Yojana (VPBY) was first launched in 2003 and
then relaunched in 2014. Both are social security schemes for
senior citizens intended to give an assured minimum pension
on a guaranteed minimum return on the subscription amount.
 The Pradhan Mantri Vaya Vandana Yojana

 The Pradhan Mantri Vaya Vandana Yojana (PNVVY) was


launched in May 2017 to provide social security during old age.
This is a simplified version of the VPBY and will be
implemented by the Life Insurance Corporation (LIC) of India.
 Under the scheme, on payment of an initial lump sum amount
ranging from Rs 1,50,000 for a minimum pension of Rs 1000
per month to a maximum of Rs 7,50,000/- for a maximum
pension of Rs 5,000 per month, subscribers will get an assured
pension based on a guaranteed rate of return of 8% per annum
payable monthly/quarterly/half-yearly/annually.
 The Centre will bear 75 percent of the total budget and the state
government will contribute 25 percent of the budget, for
activities up to district level.
 Vayoshreshtha Samman

 Conferred as a National award, and given to eminent senior


citizens & institutions under various categories for their
contributions on International day of older persons on 1st
october

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