Kerala CM announces disbursal of ₹4,250 crore pending social security pensions, welfare pension hike

CM Vijayan attributed the delay to financial constraints arising from what he described as the Union government’s "discriminatory policies" since 2021.

BySouth First Desk

Published Jul 10, 2024 | 4:26 PM Updated Jul 10, 2024 | 7:49 PM

Pinarayi Vijayan

In a significant development, Kerala Chief Minister Pinarayi Vijayan on Wednesday, 10 July, announced the disbursement of long-overdue social security pensions totalling ₹4,250 crore over the fiscal years 2024-25 and 2025-26.

The chief minister said that the outstanding five instalments of the social security pensions will be disbursed in during these fiscal years.

During a session at the State Legislative Assembly, Vijayan also proposed an increase in the current welfare pension amount from ₹1,600 per beneficiary.

The distribution plan entails settling two pending instalments within the current fiscal year, followed by the remaining three in 2025-26, with ₹1,700 crore allocated this year towards clearing these dues.

Attributing the delay to financial constraints arising from what he described as the Union government’s “discriminatory policies” since 2021, the chief minister highlighted the state government’s commitment to ensuring timely and transparent service delivery.

To facilitate this, departments are slated to issue special orders by 31 July aimed at revenue mobilisation and expenditure control, amounting to ₹23,461.5 crore already disbursed for pension commitments.

However, the Opposition UDF criticised the announcement as an “eyewash,” questioning the revenue sources to fulfil these promises amidst existing fiscal challenges.

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(Edited by Shauqueen Mizaj)

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