Beneficiaries of social security pension schemes implemented by various departments of the Tamil Nadu government will get ₹1,200 instead of ₹1,000 per month, said Finance Minister Thangam Thennarasu.
Explaining a decision taken in the Cabinet meeting chaired by Chief Minister M. K. Stalin, he said it would cost an additional amount of ₹845.01 crore per year. He said the increase will come into effect immediately and beneficiaries will get the amount from August.
Mr. Thennarasu said over 30.55 lakh beneficiaries including old-age people, widows, refugees, members of various unorganised workers welfare board, women who remain unmarried even after the age of 50, were getting pension and 74 lakh people have applied to the government seeking assistance. “The Cabinet has decided to release pension to all eligible candidate. It will cost an additional ₹845.01 crore to cover the new candidates and the increase the amount to the existing beneficiaries,” he said.
