Pension Hike: The new rates will be applicable from 1 August 2023. More than 500 pensioners will be benefited by this increase and Rs 11,000 pension will come into their account from September.
Pensioners Pension Hike: The Bhagwant Mann government of Punjab has taken a big decision regarding pension. The state government has increased the pension of freedom fighters. For this, while approving the proposal of the Freedom Fighter Welfare Department to increase the pension, the Finance Department has given green signal to the necessary budget. The new rates will be applicable from 1 August 2023. More than 500 pensioners will be benefited by this increase and Rs 11,000 pension will come into their account from September.
545 pensioners will get 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 applicable from August, 11000 pension will come in the account
The Finance Minister said that according to the proposal of the Administrative Department, as per the decision taken by the Finance Department in March 2020, it was 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 1600, they will now get Rs 11000 instead of Rs 9400. This decision will be applicable from August 1, 2023.
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