A "Senior Citizens’ Welfare Fund (SCWF)” has been established under the Finance Act, 2015, to be utilized for such schemes for  the promotion of the welfare of senior citizens, in line with the National Policy on Older Persons.

Available amount with Ministry of Social Justice and Empowerment under Senior Citizens Welfare Fund is Rupees 410.23 crore.  The unclaimed money lying under Small Savings Schemes, Employees Provident Fund, Public Provident Fund schemes, Life and non-life insurance schemes or polices maintained by insurance companies and accounts of Coal Mines Provident Fund is transferred into Senior Citizens’ Welfare Fund.

Annual Report for 2017-18 for Senior Citizens Welfare Fund is available. Annual Report for 2018-19 will be laid before the Inter- ministerial Committee for approval. The recommendation of financial proposals, till date, is given below.

The details of recommendation of financial proposals under SCWF are as:

Sl. No.	Project /Schemes	Ministry/Department	Year	Amount approved          (in Crore)
1	Purchase of Electric Golf Carts at airports	Civil Aviation	2018-19	0.98
2	Funding of Longitudinal Ageing Study In India (LASI)	Health and Family Welfare	2018-19	13.85
3	Funding of Senior Citizens Health Insurance Scheme (schis)	Health and Family Welfare	2019-20	79.10
4	Rashtiya Vayoshri Yojana (RVY)	Social Justice and Empowerment	2016-17	16
			2017-18	1.5
			2018-19	106.51
			Total RVY	124.01
Grand Total				217.94

 

This information was given by Minister of State for Social Justice and Empowerment Shri Rattan Lal Kataria in a written reply in Rajya Sabha today.

                                                                                                          

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NB/SK/jk/SJ&E-1/RS/04-12-2019

                                 

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