Vridha Pension 2024-25

Vridha Pension is a social welfare initiative implemented by the Uttar Pradesh government in India. It aims to provide financial assistance to elderly citizens who are in need and do not have a stable income source. This pension scheme is designed to support senior citizens in their twilight years, offering them a sense of security and dignity in their old age.

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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 Vridha Pension Scheme 2024-25?

The UP Vridha Pension Scheme is a pension scheme launched by the Uttar Pradesh government in 1994 to provide financial assistance to elderly residents of the state. The scheme is administered by the Samaj Kalyan Vibhag (Department of Social Welfare) of the UP government. The state government provides â‚ą500 per month pension on a quarterly basis to old-age pensioners from economically weaker sections in this pension plan .

Eligibility Criteria for Vradha Pension Plan

The main criteria to avail of the benefits of the Vradha Pension Scheme are as follows:

  • Applicants must be domiciled residents of Uttar Pradesh.

  • Age of Applicant: 60 - 150 years.

  • Applicant must be below the poverty line or should not earn income more than the following:

    • The income threshold for rural residents is â‚ą46080.

    • The income threshold for urban residents is â‚ą56460.

  • Applicants must have an income certificate.

  • Applicants must hold an active bank account.

Exclusions:

  • Applicants must not be receiving any other pension from the government.

Documents Required for Vridha Pension Apply

You need to provide the following documents to apply for the Vridha Pension in 2024-25:

  1. Mandatory Documents:

    • Age proof (ration card, voter ID, etc.)

    • Domicile certificate

    • Income certificate

    • Passport photo

    • Aadhaar card (often required)

  2. Additional (might be needed):

    • Family register (rural areas)

    • Caste certificate (benefits)

    • Disability certificate (benefits)

    • Bank account details

Vridha Pension Online Apply

Follow the steps mentioned below to apply for the UP Vridha Pension Scheme:

  1. Offline:

    • Visit your local District Social Welfare Officer (DSWO) office.

    • Obtain and fill out the application form.

    • Attach the required documents and submit them to the DSWO.

  2. Online (limited availability):

    • Go to the official integrated pension portal website and select "Old Age Pension."

    • Click on "Apply Online."

    • Complete the form with the necessary details and upload your photograph and age certificate.

    • Submit the form to finish the application process.

Vridha Pension 2023-24 Status Check 

There are two ways to Vridha Pension 2023- 24 status check, they are as follows:

Method 1: Website

  • Step 1: Go to the official website of the Samaj Kalyan Vibhag (Department of Social Welfare): https://sspy-up.gov.in/

  • Step 2: Find the status check option through any of the following methods- 

    • On the main page, look for a tab or link labeled "UP Vridha Pension Beneficiary List 2024" or "UP Old Age Pension Status Check"; OR

    • Click on "More Reports" and then select "Application Tracker."

  • Step 3: Choose your search method by 

    • Application number; OR 

    • Mobile number

    • Applicant name

  • Step 4: If your application is found, you will see the current status and details like payment history.

Method 2: Toll-Free Helpline

  • Step 1- Call the toll-free number of the Samaj Kalyan Vibhag: 1800-180-1522

  • Step 2- When prompted, tell the customer service representative that you want to check your Vridha Pension status.

  • Step 3- Provide your application number, name, or other relevant information for verification.

  • Step 4- The representative will verify your details and inform you about your pension status.

Conclusion

The UP Vridha pension plan stands as a crucial initiative addressing the financial needs of the elderly population in Uttar Pradesh. Its structured framework ensures a steady income for senior citizens, promoting their financial security and well-being. Through this plan, the government demonstrates its commitment to supporting the elderly, enhancing their quality of life and fostering a more inclusive society..

Frequently Asked Questions

  • Can I fill in the details offline and submit the Vridha pension form online?

    The ability to fill in the Vridha pension form offline and submit it online isn't a universally available option across all districts in Uttar Pradesh. It primarily depends on the specific implementation in your local area.
  • What should be the applicant's age to apply for the Vridha pension yojana?

    To apply for the Vridha Pension Yojana in Uttar Pradesh, the applicant must be at least 60 years old. This is a universal requirement across all districts in the state.
  • Do I need to contribute any amount in order to receive the Vridha pension?

    No, you do not need to contribute any amount to receive the Vridha pension in Uttar Pradesh. It is a non-contributory social welfare scheme funded by the state government.
  • What is the payment procedure for the Vridha pension yojana?

    The pension amount is usually disbursed quarterly, meaning you receive it every three months.
  • How much may an individual receive via the Vridha pension scheme?

    The amount in the yojana varies from state to state. For example, in Uttar Pradesh, the beneficiary of Vridha Pension schemes receives â‚ą500 per month from the UP government. Further, the age of the beneficiary also matters to the avail of the services. For example, under the Indira Gandhi National Old Age Pension Scheme, an individual falling under the age category of 60 to 79 years is eligible to receive â‚ą200 per month. Further, an individual above 80 years of age is entitled to receive â‚ą500 per month.
  • How to get an old age pension in UP?

    Follow these steps to apply for the Vridha pension 2024 - 25 in UP: 
    • Apply online via the official UP government portal or visit the nearest Common Service Center (CSC).

    • Submit required documents like age proof, income proof, and identity.

  • Who is eligible for up Vridha pension 2024- 25?

    The following individuals are eligible to apply for the Vradha pension scheme 2024 -25: 
    • Residents of UP between the ages of 60 and 150 years.

    • Monthly income less than â‚ą56,460 in urban areas or â‚ą46,080 in rural areas.

  • What is the minimum pension in the UP government?

    The minimum pension is â‚ą1,000 per year for eligible beneficiaries of the Vridha Pension 2024.
  • What is this new pension scheme?

    The Vridha Pension Yojana is a financial assistance scheme by the UP government for senior citizens to support their basic needs.

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.

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