Madhu Babu Pension Yojana: Features and New List

Madhu Babu Pension Yojana (MBPY) is a pension scheme launched in the Indian state of Odisha, which aims to provide financial assistance to destitute, older persons and disabled persons in the state. The scheme was launched by the Chief Minister of Odisha with effect from 1 January 2008 by merging two pension schemes namely the Revised Old Age Pension Rules, 1989 and the Disability Pension Rules, 1985.

MBPY is for those who do not have any source of income and are not getting family support. This scheme has been started to provide social security to the weaker sections of the society.

Key Features of MBPY

Eligibility Criteria:

• The age of the applicant should be 60 years or more.
• There should not be any permanent source of income.
• There should be no property.
• There should be no family support.

Selection of Beneficiary:

• The beneficiaries are selected by the Gram Panchayat or Municipal Corporation.
• The applicant’s financial condition, family situation and other related factors are considered in the selection process.

Benefit:

• Beneficiaries are given a fixed amount per month, the amount of which varies from state to state.
• In some states it is known as old age pension, older citizen pension or below poverty line pension.

Funded:

• The scheme is funded equally by the Central Government and State Governments.
• State governments identify beneficiaries based on criteria set by the Central Government.

Madhu Babu Pension Yojana New List

• The new list contains the number of beneficiaries and their names.
• This list is updated from time to time, as new beneficiaries are added and some beneficiaries drop out of the scheme.
• The old list is also updated with the new list to avoid any errors or duplication.
• Under this scheme, beneficiaries aged 60 to 79 years will get a monthly pension of Rs 500, while beneficiaries aged 80 and above will get Rs 700 per month.
• This assistance is vital for their sustenance and basic needs. The pension is disbursed on the 15th of every month, known as Jan Seva Diwas, in the form of Rs 100 denomination.

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