Samajwadi Pension Yojana was introduced by the Government of Uttar Pradesh to decrease the effects of poverty in the state. With this scheme, the government is providing assistance to the people who are below the poverty line.
The Samajwadi Pension Yojana scheme is introduced with the aim to encourage the people suffering from poverty and lend a hand to save money for their future. Over 40 lakh people in the Uttar Pradesh state are benefited from this plan. This scheme was launched in the year of 2014 to uplift the lives of people living under the poverty line.
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To apply for the advantages of the Samajwadi Pension Yojana scheme, the applicant has to satisfy some of the government's guidelines. Here are the criteria that the applicant needs to fulfil:
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The scheme of the Samajwadi Pension Yojana has many features that help for the betterment of the poverty-stricken people. Here are some of its features:
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
There are many benefits associated with the Samajwadi Pension Yojana scheme. Here are some of the benefits of the scheme:
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 apply for this scheme. The list of documents is as follows:
Step 1: Visit the official website for the Samajwadi Pension Yojana scheme.
Step 2: On the home page, click on the option to download the application form.
Step 3: Fill in all the details and attach the required documents with the help of the checklist provided in the form.
Step 4: The details that the applicant is requested to fill in are:
Step 5: Now upload the completed application form.
Step 6: The Samajwadi Pension Yojana account will be created.
Step 7: The website also has an option to view the Samajwadi Pension list.
Step 8: The Gram Panchayat will check the application and select the beneficiary list.
Step 9: Once the list is created, the pension amount will be released to the bank account associated with the application.
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A1. The pension amount will initially be Rs.500 for every month. There are some conditions for the amount to be increased to Rs.750. The conditions are:
A2. Yes, the Samajwadi Pension Yojana scheme applicant needs to have an account in the State Bank of India or any other nationalized bank. The reason is that the pension amount will be credited to the bank account provided during the enrollment in the scheme.
A3. The applications under this scheme will be verified by the gram panchayat offices that are located near to the location of the applicant. The officials will check for the eligibility criteria and approve the application. Once the application has been approved, the fund will be released.
A4. No, this is the scheme that is introduced specially for the people who live under the line of poverty. The person who is paying the income tax will not come under the Below Poverty Line category (BPL). Hence, they are not eligible to apply for this scheme.
A5. The medical tests will be conducted in all government schools every six months. The children whose family come under the Samajwadi Pension list have to enrol themselves on the tests that are taking place in their schools.
A6. No, this scheme is only applicable for people under the poverty line and who meet the prescribed criteria.
A7. No, this scheme is introduced with the aim to help the poverty-stricken people. So there is no contribution to this scheme.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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