Chandigarh: In a bid to provide old age pension to beneficiaries at the doorstep,
the Punjab Government has decided to adopt a pension distribution system
through reputed national banks for the entire state. A decision to this effect
was taken by Chief Minister Parkash Singh Badal during a high-level meeting
held here recently, an official spokesman said. While reviewing the present
system of old age pensions and Shagans disbursement, Badal directed the
Principal Secretary Social Security and Women and Child Development to again
tie-up with reputed national banks immediately for streamlining the pensions
disbursement system and facilitate beneficiaries in the state to get old age
pension at their doorsteps. It was informed in the meeting that at present
there were about 19,77,000 beneficiaries under this pension scheme, the
spokesman said. The department had cleared the pendency in ten districts by
disbursing Rs 20 crore. The state Government would also disburse Rs 9 crore
under Shagan Scheme by the end of July 2012.
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