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.
Read morePeaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
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.
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.
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.
Why buy from Policybazaar?
Zero % Commission
Save upto Rs 28.8 K** when you buy through us, which would otherwise go in agent commission if you bought offline.
100% Calls Recorded
Every call happens on recorded lines to ensure unbiased advice & No misselling. We believe in transparency & honest selling.
No Hidden Charges
Charges if any along with Returns are clearly spelt out so you are fully aware of what you are buying.
Expert Advice
We do not represent any perticular Insurance company and suggest products suitable for you. We are also regulated by IRDAI to act fully in policy holders interest.
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.
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
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
Andhra Pradesh pension scheme can be applied online and offline. The procedure to apply are discussed in detail below:
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.
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.
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
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
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.
District Panchayat or Municipality Office
Gram Panchayat offices
Secretariat offices
†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. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). 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.
27 Dec 2024
The Indian government has been concerned with regards to the old26 Dec 2024
The UCO Bank Atal Pension Yojana (APY) is a government-backed26 Dec 2024
Have you ever wondered how the unorganised sector’s workers30 Dec 2024
The Atal Pension Yojana (APY), launched on May 9, 2015, aims to27 Dec 2024
The Atal Pension is a social security scheme introduced by the27 Dec 2024
The Indian government has been concerned with regards to the old26 Dec 2024
The UCO Bank Atal Pension Yojana (APY) is a government-backed26 Dec 2024
Have you ever wondered how the unorganised sector’s workers30 Dec 2024
The Atal Pension Yojana (APY), launched on May 9, 2015, aims to27 Dec 2024
The Atal Pension is a social security scheme introduced by the27 Dec 2024
The Indian government has been concerned with regards to the oldInsurance
Calculators
Policybazaar Insurance Brokers Private Limited CIN: U74999HR2014PTC053454 Registered Office - Plot No.119, Sector - 44, Gurugram - 122001, Haryana Tel no. : 0124-4218302 Email ID: enquiry@policybazaar.com
Policybazaar is registered as a Composite Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2027, License category- Composite Broker
Visitors are hereby informed that their information submitted on the website may be shared with insurers.Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved.