Pension Hike: Good News! State government has increased the amount of pension, new rates will be applicable from August, 11000 rupees will come in the account

Pension Increase: The new rates will be applicable from August 1, 2023. More than 500 pensioners will benefit from this increase and Rs 11,000 pensions will go into their account from September.

Pension Increase of Pensioners: The Bhagwant Mann government of Punjab has taken a major decision regarding pension. The state government has increased the pension of freedom fighters. Because of this, while the proposal of the Freedom Fighter Welfare Department to increase the pension was approved, the Finance Department gave a green signal to the required budget. The new rates will be applicable from 1 August 2023. More than 500 pensioners will benefit from this increase and Rs 11,000 pension will enter their account from September.

545 pensioners will receive benefits

Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema said that after considering the proposal of the Freedom Fighters’ Welfare Department, the Finance Department has approved the annual budget required to increase the pension. This decision will directly benefit 545 beneficiaries, including freedom fighters themselves, widows of freedom fighters, unmarried and unemployed youth.

New rates available from August, 11000 pension comes into account

The Finance Minister said that according to the proposal of the Administrative Department, according to the decision taken by the Finance Department in March 2020, it has been decided to increase the amount of Swatantrata Sainik Samman from Rs 7500 to Rs 9400 from April 1, 2021. Now the state government has once again increased the pension of freedom fighters by Rs 100, instead of Rs 100, they will now get the Rs 100. This decision will be applicable from August 1, 2023.