58 million Indians living without pension: Centre spends 0.04% of GDP on income security for elderly, reveals survey
6 years, 5 months ago

58 million Indians living without pension: Centre spends 0.04% of GDP on income security for elderly, reveals survey

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According to the National Social Assistance Programme, 80 million elderly people in India are entitled to a pension of Rs 200 per month. New Delhi: Fifty-eight million people in India are living without pension or any other form of assistance, civil society organisation Pension Parishad has said. Citing the State of Pensions in India Report 2018, Economist Prabhat Patnaik said the Central government spends as little as 0.04 per cent of the GDP for its flagship Indira Gandhi National Social Assistance programme for ensuring income security for the elderly. According to the National Social Assistance Programme, a welfare programme administered by the Ministry of Rural Development, 80 million elderly people in India are entitled to a pension of Rs 200 per month.

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