Guwahati, Oct 2 (PTI) Assam government Tuesday launched an ambitious pension scheme covering all senior citizens of the state that will entail an annual expenditure of Rs 400 crore.Also Read - IRCTC Latest News: Railways Plans to Operate 36 Pairs of Trains With Additional Coaches In These States | Full List Here

In a function held here, Assam Chief Minister Sarbananda Sonowal launched the Swahid Kushal Konwar Sarbajanin Briddha Pension Achoni, coinciding with the 149th birth anniversary of Mahatma Gandhi. Also Read - Fire Breaks Outs at Paediatric Ward of a Hospital in Assam, All 12 Children Rescued Without Injuries

Sonowal said: “Showing respect to senior citizens of the society is our custom and tradition. Therefore, the state government has in its own way decided to lend dignity to the lives of all the senior citizens of the state and endeavoured to provide financial assistance.” Also Read - Assam Family Celebrates Specially-abled Son's Birthday on Newly-built Flyover, Trolled After Pics Go Viral | Full Story

All senior citizens above 60 years of age are entitled to get the benefit of the scheme through Direct Benefit Transfer (DBT) to their bank accounts, he added.

“The scheme is one of its kind in the country as the state government designed it from its own resources with an annual financial involvement of Rs 400 crore. It will be for all senior citizens irrespective of their financial and societal affiliations,” Sonowal said.

During the event, he distributes benefits of the scheme through DBT to two lakh beneficiaries.

Commenting on development, Assam Finance Minister Himanta Biswa Sarma said 15,000-20,000 people in every constituency will benefit from the scheme as payment will be made on the first day of every month to the respective accounts from the state treasury.

This is published unedited from the PTI feed.