Bankers from East Godavari district are on tenterhooks, as they have to arrange about 52 lakh currency notes of the denomination of Rs. 100 in a couple of days towards the disbursal of the social security pensions. In the advent of demonetisation and inordinate delay in the supply of newly released notes of Rs. 500, the bankers are left with no option but to pool the notes of Rs. 100 for the aged and the disabled.
Of the 42.27 lakh social security pensioners getting Rs. 463 crore every month all over the State, East Godavari district stands top with 4.76 lakh pensioners withdrawing Rs. 51.56 crore through the panchayat and revenue offices at the village-level. Chittoor stands next to the district with 3.9 lakh beneficiaries getting Rs. 41.84 crore.
The amount will be credited into the accounts of the mandal-level officials every month, from where the village-level staff withdraw their share and disburse the same to all the eligible in the first 10 days. In all, pension distribution takes place in 1,012 villages, seven municipalities and two municipal corporations.
There are 4.76 lakh pensioners withdrawing Rs. 51.56 crore every month through the panchayat and revenue offices in the district
