YSR Pension Kanuka is formulated by Andhra Pradesh's State Government to financially support socially backward people and economically unstable people of the state. Under this scheme, a constant amount is fixed as incentives for the people from the backward community. Upon the implementation of this scheme, the life of economically unstable people has seen betterment.
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Under the YSR Pension plan, the people of Andhra Pradesh can be benefited in various categories. There are nearly 12 different categorizations that are established for the welfare of the people. About 16 lakh people of the state are benefited from this scheme. The main aim of this scheme is to provide financial assistance to the needy people of the state.
There are some common criteria that have to be satisfied by the applicant for applying to any of the welfare plans under the YSR pension plan.
Here are the specific criteria for various schemes under YSR pension status:
The applicant has to be 60 years or above. The applicant needs to have very few family members or no one to depend on.
According to the YSR Pension Kanuka status, the applicant has to meet the age limit of 50 years or above. The beneficiary should have a few relatives to rely on.
The widow pension scheme will be sanctioned for those who have registered their marriage under the Marriage Act and should be 18 years or above.
By the YSR pension status, there is no limit for age under this scheme. The applicant should have a disability of a minimum of 40%.
The applicant's age limit under this scheme is 50 years and more than that. The members of Toddy Co-operative Society (TCS) or any individual registered under the Tree for Tapper's scheme are also eligible.
The applicant has no age limit under the YSR Pension Kanuka status. The beneficiary has to be subjected to Anti-Retroviral Therapy for a continuous period of six months.
The CKDU pension scheme has no limit for age. Patients who are suffering from Chronic Kidney Disease of Unknown Etiology and are taking continuous dialysis are eligible to apply for this scheme.
The age limit for applying this scheme is above 18 years concerning the YSR Pension Kanuka status.
The fishermen below the poverty line and aged 50 or above can apply for this scheme.
The age limit for applying to the scheme concerning the YSR pension status is above 40 years.
The Dappu artist living below the poverty line and aged above 50 years are eligible to apply for this scheme.
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Here is a rundown of the key features of YSR Pension Kanuka:
The benefits of the YSR pension scheme cover various categories of people.
Monthly Contribution
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
There are certain documents that are required to complete the application process.
Step 1:Â Visit the official website of the YSR Pension Kanuka scheme.
Step 2:Â Select the download option which is available on the home page.
Step 3:Â Now select YSR Pension Kanuka.
Step 4:Â Once the option is selected, the application forms for various schemes under this plan will be displayed.
Step 5:Â Download the form for which the applicant needs to apply and ensure that the eligibility criteria are met.
Step 6:Â Take a printout of the form and fill in all the details required.
Step 7:Â Attach the documents required and submit the application to the Gram Panchayat office.
Step 8:Â When the application has been successfully submitted, the following steps will be undergone by the authorities concerned to verify the application's status.
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A1. Yes, the age limit is above 18 years. Transgenders who live below the poverty line can apply for this scheme and avail of the pension amount provided by the government.
A2. The CKDU pension scheme of the YSR Pension scheme will provide Rs.10,000 to the persons suffering from Chronic Kidney Disease of Unknown aetiology. The patients who are undergoing continuous dialysis are applicable to claim for this scheme. The money provided by the government will be useful for further treatment.
A3. Yes, the applicant should have a bank account of their own. All the pension money will be credited to the bank account that the applicant has provided during the scheme undertaking process. Hence the applicant needs to hold a bank account.
A4. For a married woman, she has to be above 35 years. A married woman who is separated or left hopeless by her family is eligible for claiming the YSR Pension Kanuka scheme. If she resides in a rural area for an unmarried woman, then the age limit is above 30 years. Whereas when the unmarried woman resides in the urban area, then the age limit will be 35 years.
A5. There are nearly 12 categories under this scheme.
A6. No, this scheme is for people below the poverty line. Only fishermen, who live below the poverty line and above 50 years, can apply for this scheme.
A7. The application form has to be submitted to the government offices or the Gram Panchayat offices.
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*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.
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^^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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