Hike in pension for 80-years-olds

Under the on-going Indira Gandhi National Old Age Pension Scheme for Below Poverty Line (BPL) beneficiaries, the eligibility for pension will now be reduced to 60 years from 65 years at present.

This was announced by Union Finance Minister Pranab Mukherjee while presenting the Union Budget 2011-12 in the Lok Sabha on Monday.

He also announced that the pension amount is being raised from Rs. 200 at present to Rs. 500 per month for those who are 80 years and above.