“Kerala Government Announces Plan to Disburse Rs 4,250 Crore in Social Security Pension Arrears”

Kerala Government sets the stage to disburse Rs 4,250 crore in social security pension arrears through phased instalments, aiming to resolve long-standing financial obligations.
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Since the Lok Sabha poll setback, Kerala’s state government has announced a significant move to disburse social security pension arrears totaling Rs 4,250 crore in a structured manner over the coming fiscal years. The decision, outlined by Chief Minister Pinarayi Vijayan in the assembly, entails distributing two instalments of arrears during 2024-25 and the remaining three during 2025-26.

Currently, there are five pending instalments of social security and welfare pensions, which have been consistently delayed since March 2024. Additionally, the government plans to augment welfare pensions in response to ongoing demands from various sections of society.

Critically, the CM also addressed the reduction in central grants, highlighting a significant drop from Rs 31,068 crore in 2020-21 to Rs 12,068 crore in 2023-24, which has necessitated adjustments in state financial planning.

The announcement, while aiming to streamline overdue payments across several sectors including health, education, and infrastructure, has sparked debates and political exchanges within the assembly. The move is seen as a proactive step amidst criticisms and internal pressures within the ruling CPM and CPI parties.

For the financial year 2024-25, specific allocations include clearing dues under the Karunya Scheme, health sector arrears, scholarships, and payments to contractors, among others. The government’s commitment extends to rural development, housing schemes, and welfare funds, underscoring a comprehensive approach to financial management and service delivery.

This proactive stance aims to address longstanding grievances and enhance public welfare initiatives across Kerala, ensuring equitable distribution and timely disbursement of essential financial benefits.

Stay tuned for further updates on this evolving initiative as Kerala navigates its financial commitments and governance priorities in the coming months.

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