Madhu Babu Pension Yojana
Company typeGovernment
IndustrySocial Security
FoundedBhubaneswar, Odisha, India (01 January 2008 (01 January 2008))
Headquarters,
India
Area served
Odisha
Websitessepd.gov.in

The Madhu Babu Pension Yojana(MBPY) is a pension scheme introduced in the Indian State of Odisha with the objective of providing financial assistance to destitute, elderly, and disabled individuals in the state.[1][2]

About the scheme

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The Madhu Babu Pension Yojana (MBPY) is a beneficial scheme initiated under the Department of Social Security and Empowerment of Persons with Disabilities for the disabled, old age persons in the state of Odisha, India. The Madhu Babu Pension Yojana was launched by Chief Minister of Odisha, w.e.f. 01.01.2008 by merging the two pension schemes i.e. namely, Revised Old Age Pension Rules, 1989 and Disability Pension Rules, 1985.

Criteria for eligibility

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Under the provisions of the scheme, the following persons shall be eligible for the pension.

However, the other criteria to be eligible under the scheme is-
The amount of pension payable to each pensioner under the scheme shall be of such amount as may be decided by Government from time to time. The pension amount normally gets transferred on 15th of every month to the bank account of the beneficiary. However, beneficiary can also choose to disburse the pension amount on the Jan Seva Diwas at the Gram Panchayat Office or Block Development Office.

References

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  1. ^ "Madhubabu Pension Yojana". www.govinfo.me. Retrieved 13 April 2018.
  2. ^ "Madhu Babu Pension Yojana". www.odishatreasury.gov.in. Retrieved 13 April 2018.
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