Eligibility For Old Age Pension Scheme to be Reduced to 60 Years

Under the on-going Indira Gandhi National Old Age Pension Scheme for Below Poverty Line (BPL) beneficiaries, the eligibility for pension will now be reduced to 60 years from 65 years at present.

This was announced by the the Union Finance Minister Shri Pranab Mukherjee while presenting the Union Budget 2011-12 in the Lok Sabha today.

He also announced that the pension amount is being raised from Rs. 200 at present to Rs. 500 per month for those who are 80 years and above.

Source : Equity Bulls

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