Letters of the Hon’ble Prime Minister on the Budget to Senior Citizens

Prime Minister-  31 March 2015

My Dear Elders,

Many of you belong to that privileged generation which has had the honour of contributing to both India’s independence, as well as its consequent nation building. We are what we are today because of you. And for this, we are all deeply proud and eternally indebted to you.

Thus, it is the nation’s responsibility to look after you. This is but a mere continuation of India’s ethos of ‘respect for elders’ – our Bharatiyata. At this juncture, you have simple needs. You look forward to a peaceful and healthy life.And a life of dignity and respect, where you do not have to depend on others. My government has come up with a number of initiatives to support you in the same. Several schemes have been rolled out over the past year, while many more have been announced inthis years’ budget.

PM Narendra ModiI am aware of how critical financial security is to a life of comfort and dignity in old age. We have taken a number of steps to support you in this. For those of you above 60 years who have some savings, we have revived the Varishtha Pension Bima Yojana. Based on an initial contribution, this will provide you a monthly pension for 15 years, where-after you are returned the original amount as well. For instance, you can enjoy a pension of Rs 5,ooo per month for 15 years, from an initial contribution of Rs 6,66,665, which itself is refunded at the end. A Senior Citizen Welfare Fund is also being set up for subsidizing premiums of old age pensioners, BPLfamilies and small and marginal farmers.

I know you continue to remain concerned about the well being of your family in case anything happens to you. We have thus structured the Pradhan Mantri Suraksha Bima Yojana to provide you an accident insurance of Rs 2lakhs at a mere Rs 1per month premium.

Tax payers amongst you have been given tax benefits. The rebate in income tax towards health insurance premium has been increased from Rs 20,000 to Rs 3o,ooo. For very senior citizens over Bo years old who are not covered by health insurance, a deduction of Rs 3o,ooo towards medical treatment expenses has been allowed. Also, deduction for expenditure on specified diseases of serious nature has been raised from Rs 6o,ooo to Rs 8o,ooo.

Moreover, you will have by now gotten bank accounts through the Pradhan Mantri Jan Dhan Yojana. This enables you to receive money from your children and relatives with ease and without cost. You will soon also start getting government benefits directly into them, cutting out all middle men and leakages. Furthermore, you can also use these accounts to get loans up to Rs 5,000 for your needs.

A number of other schemes have also been started, such as providing Physical Aids and Assisted Living Devices for senior citizens living below the poverty line.

All the above schemes and programs announced in the budget will be rolled out in near future. I urge you to take full advantage of the same. My foremost wish is to repay the debt the India owes you.  My Government is thus committed to ensuring that golden years are spent happily, peacefully and meaningfully. I am confident that you will continue playing an important role in national development . As always, I seek your continued blessings …

With folded hands.

Jai Hind!

Narendra Modi (Source- finmin.nic.in)

Also Read-

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PM Letter to Farmers on Budget 2015

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Tags : Budget (1957) Budget 2015-16 (272)

0 responses to “PM Letter to Senior Citizens on Budget 2015”

  1. SWADESH says:

    THANKS
    WHAT ABOUT THE INSURANCE FOR PERSONS ABOVE THE AGE OF 80 WHO NEED MORE CARE THAN OTHERS. SHOULD NOT THERE BE INSURANCE (OF COURSE NOT COVERING THE P;RESENT DISEASES WHICH IS USUAL BEING DONE) FOR SUCH SENIOR CITIZENS

    WHY NO EXEMPTION LIMIT FOR INDIVIDUALS OVER 80 YEARS SHOULD BE RAISED WHEREAS IN OTHER CASES EXEMPTION LIMIT FOR INCOME TAX ARE BEING RAISED OFTEN
    I AM OF THE OPINION THAT THE VERY SENIOR CITIZENS ARE MORE VULNERABLE. EVEN THE ACCIDENT INSURANCE OF HAVING SAVINGS BANK ACCOUNT IS BEING DENIED TO THEM. I OPINE THAT PERSONS OF OLD AGE DONOT DIE OF ACCIDENTS AS COMPARED TO THE YOUNG PERSONS THEY REMAIN IN THE HOUSE THE ACCIDENTS IN SUCH AGE ARE VERY FEW ACCIDENT CAN TAKE PLACE IRRESPECTIVE OF THE AGE THERE SHOULD NOT BE CEILING FOR ACCIDENT INSURANCE WHICH THE GOVERNMENT SHOULD CONSIDER

  2. G.V.Venugopal says:

    Respected PM,
    I wish to make you know that I am one of the HONEST INIDIAN at heart to think that the senior citizens who call themselves NOW are SOLELY responsible for CHAOIS and CORRUPT SYSTEM obtaining at present in our country !!!! This apart, as a retired bank employee ( VRS) 7th bi part settlement for SBI) I expect your Govt. To ACT SWIFTLY to finalize our expectations EITHER WAY and DECIDE since there are opinions in court favorable to us and AGAINST in OFFICIAL CIRCLES and FINANCE MINISTRY !!!! This has been dragging on for more than a decade !!!!!!

    Most of the retirees of this batch are in heaven !!!!! The balance numbering a few thousands are not suffering for two SQARE meals !!!! BUT their Medical Needs eat into most of the income and are very anxious since the medical Aid promised at the time of VRS is inadequate !!!!!

    To JUST LIVE in PEACE I earnestly Appeal to your good selves to direct the concerned Authorities In Bank and Finance Ministry to DECIDE when the FINAL HEARING comes up oon Suprme Court on MAY 6 , 2015!!!!

    With kind regards,

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