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Taking after the name of the Chief Minister of Andhra Pradesh, Y.S. Jagan Mohan Reddy, the YSR Pension Kanuka is a brilliant initiative by the state government. Launched in June 2019 by the Chief Minister, the scheme aims at providing financial benefits to certain specific sections of society, such as retirees, senior citizens, the disabled, widows, and the like. The blog below throws light on the scheme and how it benefits some particular parts of society.
Some of the primary beneficiaries of the scheme are listed below:
All the above beneficiaries have been receiving monetary benefits under the YSR Pension Kanuka plan since July 1, 2019. The scheme has been particularly helpful during the time of COVID-19 in 2020 when several shops and factories had to be closed down during the national lockdown. Pensioners received immense financial support from the scheme during that period.
The benefits disbursed under YSR Pension Kanuka are only applicable to certain segments of society, as stated above. To be eligible for the benefits, the following criteria must be adhered to:
In addition to the above, the applicant must meet certain age criteria, as specified under the plan, which are listed in the table below:
|
Category of Beneficiaries |
Eligible Age Criteria |
| Disabled |
No age cap |
| Weavers |
50 years or more |
| Old Age |
60 years or more |
| Dappu Artists |
50 years or more |
| Anti Retroviral |
No age cap; however, the applicant must produce a medical certificate for 6 months of treatment for the condition |
| Traditional Cobblers |
40 years or more |
| Transgenders |
18 years or more |
| Single Women |
35 years or more (for divorced/separated women) 30 years or more (for unmarried women in rural areas) 35 years or more (for unmarried women in urban areas) |
| Toddy Tappers |
50 years or more |
| Widows |
18 years or more |
| Fishermen |
50 years or more |
The CM scheme has several benefits for those enrolled under it. Some of the key benefits are mentioned below:
A host of pension options are available for the beneficiaries under the YSR Pension Kanuka Scheme:
Applying for the scheme is quite simple and can be done online. Just follow the instructions below:
The application procedure requires you to attach some documents with the application form, which need to be duly submitted for verification. Below is the list of documents needed:
You can easily track the status of your application filed under the YSR Pension Kanuka Scheme online. Here’s how:
Summing Up
YSR Pension Kanuka Scheme is a commendable initiative by the Andhra state government in favour of the vulnerable sections of society. The scheme has been particularly beneficial during the COVID times when the impact of the pandemic was felt the most financially by certain sections of the population. If you too wish to enroll in the scheme, visit PayBima for complete details on the scheme and the application procedure.
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The current pension amount in the state has been increased from Rs. 2,500 to Rs. 2,750 with effect from January 1, 2023.
The applicant should be a member of the Toddy Co-operative Society (TCS) or the Tree for Tapper’s Scheme. Those who meet these requirements are entitled to receive a pension of Rs. 2,250 under the scheme.
An increase of 5% is levied after attaining 65 years of age, 10% after 70 years of age, 15% after 75 years, and 20% upon attainment of 80 years.
Any government servant who retires after 33 years of service is eligible for receiving a full pension in the state of Andhra Pradesh.
An increase of 4% has been announced over the current existing rate of 38% of the Basic Pay/Pension.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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