 Online edition of India's National Newspaper Thursday, Dec 11, 2008 ePaper | Mobile/PDA Version |
|
|
|
| = | |
|
|
|
| Andhra Pradesh |
|
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
Andhra Pradesh
-
Hyderabad
Each SHG member above 18 years to save Re. 1 a day At 60, member eligible for pension based on savings HYDERABAD: Every member of the women self help groups, who attains the age of 60 years, will receive a minimum pension of Rs. 500 a month, when the proposed scheme comes into force from Sankranti. Chief Minister Y. S. Rajasekhara Reddy has announced that the pension scheme envisages each SHG member above 18 years to save one rupee a day. On attaining the age of 60, the SHG member becomes eligible for pension based on her savings. Self Employed Women’s Association (SEWA), a non-governmental organisation working for poor women, implements one such scheme for its members. Bangladesh and Sri Lanka also have similar programmes for the SHG members. Andhra Pradesh will be the first State in India to introduce such a scheme, thanks to the established network of members. T. Vijay Kumar, Chief Executive Officer of Society for Elimination of Rural Poverty (SERP), said in an interview here on Wednesday that more than a crore women would be covered under the scheme by March next. “There has been consistent plea from the thrift group members that they be covered by a programme that ensures them financial security when they grow old,” Mr. Vijay Kumar said. According to the proposals made by the Rural Development Department, each member would contribute Rs. 365 annually which would be matched by the government with an equal amount, taking the sum to Rs. 730. The State government might approach the Centre to give a matching grant for the scheme. On an average, an SHG member, on attaining the age of 60 would get a minimum amount of Rs. 500 a month. The government is planning to rope in either the LIC or UTI to manage the fund.
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |
Copyright © 2008, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|