The state will commence distribution of September pensions for both social security and welfare fund board recipients on Thursday, according to a statement from Chief Minister V.D. Satheesan’s office.
The Finance Department has sanctioned a total of ₹1,068.79 crore for the two pension schemes, allocating ₹957.93 crore to social security pensions and ₹110.86 crore to welfare fund board pensions.
Under the social security scheme, ₹531.62 crore will be deposited directly into beneficiaries’ bank accounts, while ₹426.30 crore will be paid out through primary cooperative credit societies to reach households.
The finance order requires that the entire pension distribution be completed by October 5.