Social assistance program for the elderly, Financial Management

Social Assistance Program for the Elderly

For the elderly destitutes, the Central and many State Governments have designed several social assistance programs. Under the national old age pension scheme, the Union Government assists the State Governments to pay old age pension at the rate of Rs.75 per month to individuals aged 65 years or above. All the states and the union territories have designed their own pension schemes for some 5.3 million beneficiaries. Many states like Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh have designed their own pension plans for agricultural workers.

Due to limited funds, only a marginal fraction of the elderly persons receive the benefits. Even the basic needs cannot be met with an amount of Rs.75 per month. As the benefits are rationed, a substantial gap exists between the needs and the availability of the pension. This has given rise to a high degree of corruption and nepotism in the selection of beneficiaries and disbursement of pensions.

 

Posted Date: 9/11/2012 1:50:17 AM | Location : United States







Related Discussions:- Social assistance program for the elderly, Assignment Help, Ask Question on Social assistance program for the elderly, Get Answer, Expert's Help, Social assistance program for the elderly Discussions

Write discussion on Social assistance program for the elderly
Your posts are moderated
Related Questions
Bond valuation would be relatively simple if interest rates exhibit little day-to-day volatility. One could value a bond by discounting each of its cash flows at

Q. Objectives of Cash Management? (i) To sustain Optimum Cash Balance: - The major objective of cash management is to determine the optimum cash balance required in the busines

Placement on career path: The next step of the career planning process is to place an individual on a chosen career path. A career path is the logical possible sequence of pos

The formula explained in the above paragraph enables the investor to compute the value of a bond with an embedded option as the difference between the value of an

What are the Characteristics of the financing decision There are two characteristics of the financing decision. First, theory of capital structure which illustrates theore


Question 1: (a) Briefly explain the Electronic Data Interchange (EDI), and list the benefits of EDI. (b) List and describe the main components of MACSS. (c) Explain brief

Q. Show the Signs of Overtrading? There are a number of usually recognised signs that a company may be overtrading. These are considered mutually with relevant financial data f

Explain how the advent of the euro would affect international diversification strategies. Answer: As the euro-zone will have similar exchange-rate policies and monetary, the co

They are issued in the local market by a domestic borrower and are usually denominated in the local currency. For example, US companies issuing bonds to US reside