29 April, New Delhi
The Union Cabinet Wednesday gave its seal of approval to continuation of the minimum pension of 1000 rupees per month in perpetuity to pensioners under Employees’ Pension Scheme, EPS, 1995 beyond the financial year 2014-15.
Currently, it is effective only upto March this year.
It approved corresponding grant of continuous annual budgetary support for implementing the minimum pension which will be to the tune of 850 crore rupees per year on a tapering basis. Providing a minimum pension of one thousand rupees is an effort to provide meaningful subsistence to pensioners who have served in the organized sector.
The present proposal is likely to benefit approximately 20 lakh pensioners under EPS, 1995.
The Union Cabinet also gave its approval for the conversion of two additional battalions of the Sashastra Seema Bal for the National Disaster Response Force and for strengthening existing NDRF battalions.
The objective of the conversion of these two additional battalions of SSB into NDRF battalions is to provide response to the area of Eastern Uttar Pradesh, Madhya Pradesh and Arunachal Pradesh during any natural and manmade disaster and to enhance the capability of the existing NDRF battalions. The placement of two NDRF Battalions at Varanasi and Arunachal Pradesh will fill up the vast gap of deployment of the NDRF.