Social assistance program for the elderly, Financial Management

Assignment Help:

Social Assistance Program for the Elderly

For the elderly destitutes, the Central and many State Governments have designed several social assistance programs. Under the national old age pension scheme, the Union Government assists the State Governments to pay old age pension at the rate of Rs.75 per month to individuals aged 65 years or above. All the states and the union territories have designed their own pension schemes for some 5.3 million beneficiaries. Many states like Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh have designed their own pension plans for agricultural workers.

Due to limited funds, only a marginal fraction of the elderly persons receive the benefits. Even the basic needs cannot be met with an amount of Rs.75 per month. As the benefits are rationed, a substantial gap exists between the needs and the availability of the pension. This has given rise to a high degree of corruption and nepotism in the selection of beneficiaries and disbursement of pensions.

 


Related Discussions:- Social assistance program for the elderly

Illustrate the audit plans, Illustrate the audit plans Audit team must ...

Illustrate the audit plans Audit team must be sufficiently familiar and fully briefed by manager and have knowledge of the business or operation such that to be able to carry o

Microsoft''s Partenership Strategies, I have a presentation to give on ''Ne...

I have a presentation to give on ''New ways'' Microsoft can improve its ''Partnership Strategies''. Can some one please give some good links or insights into the same.

Formulation of optimum credit policy, A firm requires a clear policy regard...

A firm requires a clear policy regarding as to whether the credit should be authorized to a customer and if yes to what extent. Credit principles are set for making such decisions.

Options markets, Options Markets: Man has always been innovative and in...

Options Markets: Man has always been innovative and ingenuous. His determination to improvise and overcome the limitations of various processes has resulted in phenomenal and e

Relevant and irrelevant cost, The first involved the creation of spreadshee...

The first involved the creation of spreadsheets to resolve some problems for an organization. You will need to model the problem roughly before you start to spreadsheet and you wil

Add or Drop Analysis, Lakespring Retirement Village is home to senior citiz...

Lakespring Retirement Village is home to senior citizens who are fairly independent but need assistance with basic health care and occasional meals. Jill Thompson, a licensed beaut

What are three major sections of the statement of cash flow, What are the t...

What are the three major sections of the statement of cash flows? Cash flows from financing activities Cash flows from investing activities Cash flows from Operations

Securities and exchange commission of usa, SECURITIES AND EXCHANGE COMMISSI...

SECURITIES AND EXCHANGE COMMISSION OF USA In the United States, securities industry is regulated by the United States Securities and Exchange Commission (SEC). It is the govern

What is redeemable debt, What is Redeemable debt Company will have to...

What is Redeemable debt Company will have to re-pay the debt at redemption date or between the two redemption dates (i.e. 20X5/20X9, means debt can be redeemed any time betwe

Operating cycle, make an cash conversion cycle of cabbages

make an cash conversion cycle of cabbages

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd