The Agricultural and Agrarian Insurance Board has taken steps to disburse over Rs 415 million monthly in pensions through 3,975 post offices to 170,950 farmers who have reached the age of 60.
Following instructions issued after the assumption of office by the new government, the Agricultural and Agrarian Insurance Board stated that it has completed processing a large backlog of pension applications that had accumulated prior to 2024.
Key Points
- Over Rs 415 million disbursed monthly through 3,975 post offices.
- All arrangements in place to pay pensions within a month for applications with no shortcomings.
- Payment of pension arrears suspended since 1 January 2014 has also commenced.
Payment of arrears and premium adjustments
All necessary arrangements have now been finalized to pay pensions within a month for applications that contain no shortcomings. Additionally, work has commenced to calculate net premiums for contributors who have not paid premiums properly but have settled more than 25% of their dues.
Meanwhile, the present government has also begun the process of releasing pension arrears that were temporarily suspended for farmers who reached 60 years of age from 1 January 2014 onwards. It is further stated that these arrears are being paid according to funds allocated by the General Treasury.
