Everything You Must Know About YSR Pension Kanuka

Pension plans are just another name for retirement plans. Individuals can contribute a part of their income under the allotted plans. A pension plan's primary purpose is to provide a regular income after retirement. As a result, even if an individual has a big savings account, a pension plan may still be required for the benefit of the respective individual.

The YSR Pension Kanuka was introduced by the Andhra Pradesh government as part of social welfare initiatives to alleviate the sufferings of the poor and disadvantaged. It attempts to provide a decent living for the poor and disadvantaged, particularly widows, the elderly, and those with disabilities. To find out more on YSR Pension Kanuka, read on.

Features Of YSR Pension Kanuka

Following are some features of YSR Pension Kanuka -

1. Under this pension scheme, the government will provide Rs. 2250 to their state’s senior citizens.
2. According to the Government, only senior citizens from the Economically Weaker Sections are eligible to avail benefits under this plan.
3. Under this pension scheme, the government would send the pension sum to the recipients' bank accounts.

Eligibility Criteria For YSR Pension Kanuka

Following are the eligibility criteria for an individual to apply for YSR Pension Kanuka -

1. For an individual to avail benefits under this pension scheme they must be a resident of Andhra Pradesh.
2. This pension scheme is exclusively for the elderly people who are poor.
3. The age of the person must be 60 years old.
4. In order to be eligible for the pension scheme, the individual must be a member of a Below Poverty Line (BPL) household with a white ration card.

Following is the different age criteria for individuals to receive different types of pension under YSR Pension Kanuka -

1. Old age pension – The age limit is 60 years old or older and unable to support themselves
2. Weavers pension – The age limit is 50 years or above and poor individuals
3. Widow pension – The age limit is 18 years or above
4. Toddy toppers pension – The age limit is 50 years or above 
5. Transgender pension – The age limit is 18 years or above
6. Fisherman pension – The age limit is 50 years or above
7. Traditional cobblers pension – The age limit is 40 years or above
8. Dappu artists pension – The age limit is 50 years or above
9. Single women pension – (1) The age limit is 35 years or above for the married woman who have been separated or deserted for more than one year (2) In rural regions, unmarried women must be 30 years old or older; in urban areas, unmarried women age limit must be 35 years old or older with no family support.
10. CKDU pension – There is no age limit but individuals must be undergoing CKDU.
11. ART pension – There is no age limit but individuals must be undergoing six months of continuous treatment on ART.
12. Disabled pension – There is no age limit but individuals must have a minimum of 40% disability.

Types Of Pension Covered Under YSR Pension Scheme

Following are the types of pension covered under the YSR Pension Kanuka:

1. Old age pension
2. Widow pension
3. Weavers pension
4. Transgender pension
5. Disabled pension
6. Toddy tappers pension
7. Fisherman pension
8. ART (Anti Retroviral Therapy) pension
9. Single women pension
10. Traditional cobblers pension
11. Chronic Kidney Disease of Unknown etiology (CKDU) pension
12. Dappu artists pension

Sanction Authority

Rural: In rural regions, the Mandal Parishad Development Officer (MPDO) is responsible for authorising the pension amount for the recipients.

Urban: In urban areas, the Municipal Commissioner is responsible for authorising the pension amount for the recipients.

Endnotes

Under the YSR Pension Scheme, the citizens of Andhra Pradesh can profit from the YSR Pension scheme in a variety of ways. For the wellbeing of the population, roughly 12 different categorizations have been devised. This initiative has benefitted around 16 lakh individuals in the state. The primary goal of this pension scheme is to offer financial help to the state's poor.

Do read - About Employee Pension Scheme (EPS)

Atal Pension Yojana - Eligibility, Features, Benefits, Forms And Operation

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.