Pension Hike : Good news for pensioners, pension amount will increase! CM said- Government will consider the proposal

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Canara Bank changes FD interest rates, new rates come into effect from 5th
Canara Bank changes FD interest rates, new rates come into effect from 5th

Pensioner Pension Hike: Amidst the discussions about the old pension scheme in Karnataka, a big statement of CM Siddaramaiah has come out regarding the pension of the elderly.

CM says that the state government will consider increasing the pension of senior citizens in the next budget. He said that the proposal of Cabinet Minister Lakshmi Hebbalkar to give pension of Rs 2,000 per month to the elderly will be considered.

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CM said- Government will consider seriously

In fact, at present the elderly in Karnataka are getting a pension of Rs 1,000 per month. Recently, Cabinet Minister Lakshmi Hebbalkar has proposed to the Siddaramaiah government to increase this pension amount, on which the CM has adopted a positive attitude and said that it will be seriously considered. The special thing is that at present the Finance Department is also with the CM.

The state budget was presented in July

Let us tell you that the Siddaramaiah government had presented the state budget in July 2023. This was the 7th budget. Earlier, he had presented 6 budgets in his first term. Compared to last year, the government increased this year’s budget by Rs 62 thousand crore. He presented a total budget of Rs 3 lakh 27 thousand 747 crore this year.

CM said in his budget speech that his budget fulfills all the 5 major promises which he had made before the elections. To fulfill the promises made before the elections, the government made a total provision of Rs 35 thousand 410 crore in the budget.

Will the old pension scheme be implemented in the state?

  • It is noteworthy that like Rajasthan, Chhattisgarh, Jharkhand, Himachal and Punjab, demand is being raised for restoration of the long-standing pension scheme in Karnataka too. In June, a delegation of NPS employees union officials met the CM in Bengaluru and urged him to cancel the New Pension Scheme (NPS).
  • It was also said that 2.98 lakh employees come under NPS, the pension amount is deposited in NSDL, this amount can be deposited in GPF which can be made available at the time of retirement. NPS has been canceled in Rajasthan and Chhattisgarh. Given., in Karnataka also it should be canceled and the old pension scheme should be implemented.
  • After the cancellation of NPS, a total of Rs 19,000 crore will be available, which can be used for the development programs of the government. CM Siddaramaiah had also indicated that this can be considered in the cabinet meeting and the decision can be announced in the budget.
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