Sarkari yojanas or government schemes for senior citizens are aimed at providing various benefits and services to the elderly population of India. These schemes are designed to address the various issues and challenges faced by the senior citizens and improve their overall well-being. Some of the popular sarkari yojanas for senior citizens are:
- Pradhan Mantri Vaya Vandana Yojana: This scheme aims to provide pension to senior citizens of India. Under this scheme, senior citizens can invest a lump sum amount and receive a guaranteed pension for 10 years. The pension amount is paid monthly, quarterly, half-yearly or yearly as per the choice of the senior citizen. This scheme provides an attractive rate of return and also offers a life cover.
- Indira Gandhi National Old Age Pension Scheme: This scheme provides pension to destitute senior citizens who are above the age of 60 years and belong to the below poverty line (BPL) category. The pension amount provided under this scheme is Rs. 200 per month. The scheme is implemented by the Ministry of Rural Development and is coordinated with other schemes to provide better infrastructure in rural areas.
- National Social Assistance Programme: This scheme aims to provide social assistance to senior citizens, widows, and persons with disabilities. The scheme provides various benefits such as old age pension, widow pension, and disability pension. The scheme is implemented by the Ministry of Rural Development and is coordinated with other schemes to provide better infrastructure in rural areas.
- Senior Citizens Savings Scheme: This scheme is a saving scheme for senior citizens above the age of 60 years. The scheme provides an interest rate of 7.4% per annum which is compounded annually. The scheme has a lock-in period of 5 years and can be extended for 3 more years.
- Varishtha Pension Bima Yojana: This scheme provides pension to senior citizens above the age of 60 years. The scheme provides an interest rate of 7.5% per annum which is compounded annually. The scheme has a lock-in period of 10 years.
These schemes are considered to be beneficial for the elderly population of India as they provide financial security and assistance in meeting their daily needs. The schemes also help in reducing the burden of healthcare costs on the senior citizens. The government should continue to work on improving the implementation of these schemes and addressing the challenges faced by the senior citizens to ensure their well-being and dignity during their golden years.