Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme (IGNOAPS): 1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible. 2. The Central Assistance under th

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Q: 14 (IAS/2008)
Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme (IGNOAPS):
1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible.
2. The Central Assistance under this Scheme is at the rate of Rs 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,7,68,25,10,33,7

keywords: 

{'indira gandhi national old age pension scheme': [0, 0, 1, 0], 'matching amounts': [0, 0, 1, 0], 'scheme': [0, 0, 1, 0], 'beneficiary': [0, 0, 1, 1], 'rs': [0, 0, 9, 3], 'households': [0, 1, 2, 7], 'ignoaps': [0, 0, 1, 0], 'central assistance': [1, 0, 0, 0], 'rate': [2, 3, 13, 20]}

Both statements about the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) are incorrect. Let`s break down each option:

Statement 1 claims that the scheme is only for those above 60 years and belonging to below poverty line (BPL) households in rural areas. This is wrong because the scheme covers all BPL individuals who are 60 years and above and it does not limit its coverage to rural areas only. Therefore, urban residents are also eligible.

Statement 2 says that the Central Assistance under this Scheme is at the rate of Rs 300 per month per beneficiary and urges the States to provide matching amounts. This is incorrect as well. As of now, the pension amount varies from Rs 200 to Rs 500 per month depending upon the age of the beneficiary and there is no urgement for the State to provide a matching amount.

Hence, option 4 is the correct answer - neither statement 1 nor statement 2 is correct.