AP Chief Minister, Nara Chandrababu Naidu gave a big gift during Sankranthi. Chandrababu decided to increase the pension to Rs 2,000. This statement was made by the Chief Minister in Nellore district.
This is major announcement comes during the election year when Andhra Pradesh will hold both the general election and state assembly election in May.
It is estimated that about 54 lakh people will benefit from the pension increase including, older people, widows, single women, handloom workers will be benefited. As many as 14 states in India currently provide a monthly pension of Rs.500 or less per person, as per the State of Pensions in India Report 2018. A pension of Rs 2,000 per month per person will cost just 1.97% of the GDP.