Andhra Pradesh Pension

The government of Andhra Pradesh introduced the YSR Pension Kanuka Scheme in the year 2021 to help economically backward people in Andhra Pradesh. This Andhra Pradesh Pension Scheme aims to provide financial support and social security for people who fall under a specific category. This scheme can help uplift economically backward people by offering them a regular pension income.

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Disclaimer: ##Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds. Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What is the Andhra Pradesh Pension Scheme?

Andhra Pradesh Pension Scheme is a pension plan. Under this scheme, volunteers provided door-to-door distribution of Pension Kanuka amounts across the state. The government has released a fund of Rs 1496.07 crore for the Andhra Pradesh pension scheme. For 90167 new pension beneficiaries, the government sanctioned Rs 21.36 crore.  Pensioners will get their pension amount even if they are in hospitals.

Features of Andhra Pradesh Pension Scheme

Some features of the policy are listed below:

  • Different Incentive amounts are provided for different categories of beneficiaries.

  • Old Age Persons, Widow, Weavers, Toddy Tappers, Single Women, etc., get around Rs.2250/- per month.

  • Disabled Persons, Transgenders, and Dappu Artists get around Rs.3000/- per month.

  • People with chronic kidney disease get around Rs. 10,000/- per month.

  • By getting some amount as a monthly income, these economically backward people don’t have to stress about working much to get some amount for running their lives.

  • Andhra Pradesh Pension Scheme provides the monthly amount and thus acts as a great source of income replacement.

Benefits of Andhra Pradesh Pension Scheme

People who fall under the eligibility category for getting the Andhra Pradesh pension scheme can enjoy several benefits provided under the scheme. Some benefits of getting this scheme are listed below:

  • This procedure can be done online, and thus, this is time-efficient.

  • Applicants can get a regular income monthly which will help them to cope up with some expenses.

Eligibility Criteria

For getting Andhra Pradesh Pension Scheme, people must fall under a particular age category. Other than the age category, people must have specific eligibility as given below:

  • The applicant of the Andhra Pradesh Pension Scheme must be a resident of Andhra Pradesh.

  • An applicant of this scheme must belong to the lower economic group or under the poverty line category.

Eligibility Age

Applicants must fall under a particular age criterion as given below. This eligibility age differs depending upon the reason for which the person is getting a pension. 

  • Old Age Pension – 60 years of age and above

  • Weavers Pension – 50 years of age and above

  • Widow Pension – Widows who are 18 years and above

  • Disabled Pension – Minimum 40% disability and no age limit

  • Toddy Tappers – 50 years and above

  • Transgender Pension – 18 years and above

  • Fisherman Pension – 50 years and above

  • Single Women Pension – A married woman separated from her husband more than one year and above the age of 35. Unmarried women of rural areas (30 years) and urban areas (35 years)

  • Traditional Cobblers Pension – 40 years of age

  • Dappu Artists Pension – 50 years of age

Policy Beneficiaries

Andhra Pradesh Pension Scheme benefits a set of people falling under the below-mentioned categories. They are:

  • Old Age People (Senior citizens)

  • Weavers

  • Widows

  • Disable people

  • Toddy Tappers

  • Artists (People engaged in any art-related activities)

  • Transgenders

  • Fishermen

  • Single Women

  • Traditional Cobblers

  • Dappu Artists

  • CKDU

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

How To Apply for Andhra Pradesh Pension?

Andhra Pradesh pension scheme can be applied online and offline. The procedure to apply are discussed in detail below:

  1. Apply In-Person

    • The application form for getting Andhra Pradesh Pension Scheme is available in every district panchayat and municipality office in Andhra Pradesh.

    • An applicant has to provide all necessary information that is requested in the application form.

    • Applicants should make sure to carry originals and photocopies of all necessary documents for completing the application procedure.

    • Applicants should attach required documents along with their photocopies and the application form while submitting it.

    • Applicants should follow all instructions provided by concerned authorities properly.

    • Procedure Fee to be as per authority’s request.

    • If all the applicant's steps and procedures are followed appropriately by the applicant, the application form will be accepted.

    • Once concerned authorities view the application, verification of the applicant's details will be done, which involves visiting the applicant's address to provide approval.

    • After the verification is done and approval is provided, a notification will be provided to the applicant's mobile number or email address regarding the pension document.

    • Applicants can visit the office to collect their documents once the notification is provided.

  2. Apply Online

    • The application form for Andhra Pradesh Pension Scheme is available on the official website of the YSR Pension Kanuka portal.

    • If the applicant is an existing user, they need to log in to their online accounts directly with their “Username” and “Password” credentials.

    • Applicants who are new users need to register first on the website before engaging in the login procedure.

    • After logging in, the applicant has to choose their desired option for applying.

    • He has to provide all information that is requested in the application form.

    • Applicants must upload documents in the form of digital copies along with the application form. 

    • Once concerned authorities view the application, verification of the applicant's details will be done, which involves visiting the applicant's address for providing approval.

    • After the verification is done and approval is provided, a notification will be provided to the applicant's mobile number or email address regarding the pension document.

    • If the applicant correctly follows all the steps, the notification regarding the pension document will be provided to the applicant's email address or mobile number.

NOTE: Applicants must provide genuine information while applying for this scheme. Any false details provided will be considered fraudulent and rejected immediately. Applicants should submit a duly filled application form. 

Required Documents

Documents that are required for applying to get Andhra Pradesh Pension Scheme:

  • ID Proof

  • Address Proof

  • Marriage Certificate and Death Certificate of the spouse of the widowed person.

  • Senior citizen age proof

  • Senior citizen ID Proof

NOTE: If any additional documents are requested by authorities while applying, the applicant must also provide those requested documents along with the application form. Having extra photocopies may come in handy during the application procedure.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Required Information

Information that is required for applying to get YSR Pension Scheme are listed below:

  • Name of the Applicant

  • Address of the Applicant

  • Aadhar Card Number

  • Mobile Number

  • Age of the Applicant

  • Family Income per month

  • Family Land Detail

  • Vehicle Detail

  • Family Members Employment Information

  • White Ration Card Number

  • Date of Birth

  • Father or Husband Name

  • Secretariat

  • Name of the Village secretariat

  • Panchayat or Ward 

  • District

  • Gender

  • Caste

  • Sub Caste

FAQ's

  • Are there any eligibility criteria for a widow to take the YSR Pension Kanuka scheme?

    Ans: The eligibility for coming under the widowed category to take YSR Pension Kanuka Scheme is that the individual must have been married, and the person's spouse must have died. The individual has to be above 18 years of age. A spouse's death certificate is necessary, which has to be provided while applying for this procedure.
  • What defines the single woman eligibility at the YSR Pension Kanuka scheme?

    Ans: A woman can state herself as a single woman if she comes under the following categories:
    • Married for one year and got separated from her spouse after that. (Divorced)

    • Unmarried women who are above the age of 30 and 35 years of age.

    • In Rural Areas, unmarried women's age limit of 30 will be stated as single women, and in urban areas, women who are above the age of 35 are stated as single women. 

  • Can I check the status of my application online?

    Ans: Yes, the application status can be checked online at the official website of the YSR Pension Kanuka Scheme. The applicant has to provide the application number and date of application for getting their status.
  • Which are the offices responsible for providing this social security benefit?

    Ans: The following offices are responsible for providing this YSR Pension Kanuka scheme:
    • District Panchayat or Municipality Office

    • Gram Panchayat offices

    • Secretariat offices 

  • What to do if concerned authorities reject the application form?

    Ans: If the application form is rejected, the applicant has to visit the office to know the reason for rejection. If the authority provides the reason for rejection, the applicant has to apply for another application with the mistakes corrected.

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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