In a move likely to impact over a crore of beneficiaries, Bihar Chief Minister Nitish Kumar has announced a substantial hike in the state's Social Security Pension Scheme. The monthly pension for elderly citizens, persons with disabilities, and widowed women has been increased from Rs 400 to Rs 1100, marking a significant 175% rise. The revised scheme is set to take effect from July 2025, with the government assuring timely direct transfers to the beneficiaries' bank accounts.
The Chief Minister communicated the decision through social media, stating that all eligible individuals would receive the enhanced pension amount starting in July. He also emphasized the government's commitment to ensuring that the funds are credited to the beneficiaries' accounts by the 10th of each month. This initiative is expected to provide considerable relief to approximately 10.9 million people across the state who rely on this financial assistance.
This decision arrives ahead of the crucial Bihar assembly elections, and political analysts are viewing this as a strategic move. The increase directly addresses a key demographic and could influence voter sentiment. The timing of the announcement has led to speculation about its connection to the upcoming polls.
The enhanced pension scheme encompasses several existing social security programs aimed at vulnerable populations. These include schemes specifically designed for the elderly, disabled individuals, and widows. By consolidating these under a unified increased pension amount, the government aims to simplify the process and ensure more effective outreach.
While the current government touts this as a major step towards social welfare, opposition parties have criticized the timing and adequacy of the increase. Some opposition leaders argue that the hike is insufficient to address the rising cost of living and have called for even greater financial assistance to these vulnerable groups. Previously, opposition leaders have promised to further increase the pension amount if elected.
Regardless of the political motivations, the increase in social security pension is poised to significantly impact the lives of a large segment of Bihar's population. The additional income will provide much-needed support to cover essential expenses such as food, healthcare, and housing. It remains to be seen how this decision will resonate with voters as the state prepares for the upcoming assembly elections.