Central Sector Scheme funded from Senior Citizens Welfare Fund.
Aids and assistive living devices will be provided to senior citizens belonging to BPL category suffering from age related disabilities such as low vision, hearing impairment, loss of teeth, loco-motor disabilities.
Ministry of Social Justice and Empowerment, Government of India is the nodal Ministry to oversee the implementation of the Scheme.
The Scheme is being implemented by the “Artificial Limbs Manufacturing Corporation (ALIMCO) ” - a Public Sector Undertaking under this Ministry.
The devices are distributed in the camp mode to the identified beneficiaries.
The National launch of Rashtriya Vayoshri Yojana was held on 1st April, 2017. A total of 187 districts from all States⟋UTs have been selected for Rashtriya Vayoshri Yojana distribution camps. As on date, 16 distribution camps have been organized at district level.
Atal Pension Yojana (APY)
Another important scheme in this regard is Atal Pension Yojana (APY announced in 2015 guarantees a minimum pension from ₹ 1000 or ₹ 2000 or ₹ 3000 or ₹ 4000 or ₹ 5000 on completion of 60 years of age based on the periodic contribution being made by the subscriber) .
Contribution amount depends on scheme chosen by the subscriber and their age at the date of joining
The scheme is open for the Indian citizen between the age of 18 - 40 years and contribution has to be done till the age of 60 years.
The scheme has been implemented through the banking system only.
Swavalamban Scheme
Eligible existing subscribers of the Swavalamban Scheme (NPS Lite) in the age group of 18 - 40 years are required to be migrated to APY unless they exercise the option to opt-out.
Swavalamban Scheme
Co-contributory Pension Scheme
Launched in September, 2010
Encouraged people from the unorganized sector to voluntarily save for their retirement.
Central Government contributes a sum of ₹ 1,000 in each National Pension System (NPS) account opened under the Scheme where the subscriber is able to save ₹ 1,000 to ₹ 12,000 during a financial year.
The Government՚s contribution is available upto Financial Year 2016 - 17.
The scheme is for those citizens of India who are not part of any statutory pension or provident scheme.
The target beneficiaries of Swavalamban Scheme are
Co-contributory scheme beneficiaries of State Governments
Aanganwaadi workers
Construction workers
Occupational classes like weavers, fishermen, farmers, dairy workers etc.
Managed by Pension Fund Regulatory & Development Authority (PFRDA) and financed through budgetary support by way of Grants-in- Aid to PFRDA.