Thiruvananthapuram: Finance Minister KN Balagopal has decided to distribute two more installments of social security and welfare fund pension before Vishu.
3,200 each will be received. Currently, the disbursement of an installment amount of Rs 1,600 started yesterday. The Minister pointed out that during Vishu, Easter and Ramzan, Rs 4,800 each will reach the hands of each person.
As usual, the pension will be delivered directly to the home for those who have given their bank account number through their account and for others through cooperative societies. Out of 62 lakh welfare pension beneficiaries, all those who have done mustering will get the amount. Then the Finance Minister informed that as announced in the budget, measures have been taken to distribute the pension in that month.
900 crores per month is required for pension distribution. Constituents in the LDF meeting had raised the concern that the elections would be adversely affected if the pension could not be paid as the Lok Sabha elections are around the corner. The pension amount was collected by forming a cooperative consortium. Now what is due is 4 months pension.
