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

Importance of inventory management, Q. Importance of Inventory Management ...

Q. Importance of Inventory Management 1) Inventory helps in smooth and efficient running of business. 2) Inventory provide service to the customers immediately or at a short

Rejecting proposed projects when using net present value, What is the decis...

What is the decision rule for accepting or rejecting proposed projects when using net present value? When going with the net present value decision rule any project with a net

Show the net operating income approach, Q. Show the Net Operating Income ap...

Q. Show the Net Operating Income approach ? The NOI (Net Operating Income) approach advocates that the cost of equity increases with the increase in the financial leverage. Thi

Contrast a benefit and a defined contribution pension plan, Compare and con...

Compare and contrast a defined benefit and a defined contribution pension plan. In defined benefit plan retirement remuneration are determined by a formula that typically

Acquisition planning and strategy, A c quisition Planning and Strategy ...

A c quisition Planning and Strategy In the previous section, we discussed about the constraints to successful merger integration. In this section, we will learn how to plan a

Budget classification on the basis of functions, ON THE BASIS OF FUNCTIONS ...

ON THE BASIS OF FUNCTIONS •Functional / Subsidiary budgets: A subsidiary budget is a budget of income or expenditure appropriate to or the responsibility of functions, like

Cash flow statements, Cash flow statement: The cash flow statement summ...

Cash flow statement: The cash flow statement summarises the flow of cash into and out of the business over a certain period of time. The cash flow statement measures the liq

Regular payback period, The director of capital budgeting for a firm has re...

The director of capital budgeting for a firm has recognized two mutually exclusive projects, A and B, with the following expected net cash flows:

Aggressive approach of financial management, Q. Aggressive Approach of fina...

Q. Aggressive Approach of financial management? A -firm may be aggressive in financing its assets. An aggressive policy is said to be followed by the firm when it uses short-te

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