Welfare Schemes pension cost might be executed by means of PFMS: Dr. Baljit Kaur

Welfare Schemes pension cost might be executed by means of PFMS: Dr. Baljit Kaur

CHANDIGARH: Punjab would be the first state within the nation to offer welfare schemes pension funds by means of Public Monetary Administration System (PFMS).

Disclosing this right here at the moment Social Safety Girls and Little one Improvement Minister Dr. Baljit Kaur mentioned that the Punjab Authorities led by Chief Minister Punjab Bhagwant Mann is repeatedly working to offer problem free companies and well timed social welfare schemes advantages to the aged, widows and destitute girls, dependent kids and disabled individuals. She mentioned that underneath these initiatives, the Punjab Authorities will implement Public Monetary Administration System (PFMS) within the state for immediate cost of pension.

The state authorities is offering monetary help to the beneficiaries within the type of a pension of Rs.1500/- per 30 days. At current, 30.25 lakh beneficiaries are getting the advantage of pension underneath these schemes within the state, she added.

Cupboard Minister Dr. Baljit Kaur mentioned {that a} new Public Monetary Administration System (PFMS) has been carried out in Punjab for immediate cost of pension quantities. With the implementation of PFMS the cost of pension might be rapidly offered to the beneficiaries and the division will even robotically obtain notification of the cost.

The Minister additional mentioned that if there may be any impediment within the cost of pension, beneficiaries can get full data by means of this method. PFMS was first launched in 7 districts and now after its profitable implementation in these districts, this might be carried out in the entire state. Instructions on this regard have been issued to district officers to do cost of welfare schemes pensions by means of PFMS.

Dr. Baljit Kaur additionally mentioned that with the implementation of PFMS within the state will deliver transparency within the paying pension advantages to the beneficiaries. With the implementation of PFMS about 30.25 lakh beneficiaries would immediately profit from this method. The Minister mentioned that the Social Securities Division has been supported by the Governance Division and Axis Financial institution to implement the Public Monetary Administration System throughout the state.

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