Representative Image | Photo: ANI
Thiruvananthapuram: The Reserve Bank of India (RBI) has praised Kerala for the state pension schemes for elderly people. In its report titled ‘State Finances: A Study of Budgets of 2022-23’, the RBI stated that Kerala has the highest age dependency ratio in the country at 19.6 per cent as per the 2011 Census but over 75 per cent of the elderly people were covered under different pension schemes.
Old age population in Kerala was 65.46 lakh as per Census 2011. Out of this, 29.43 lakh, 3.88 lakh and 12.08 lakh elderly people are given Indira Gandhi National Old age Pension, Agriculture Labour Pension and Welfare Fund Board pension respectively, the report stated. Around 4.45 lakh people are service pensioners.
“Thus, as a whole, 49.84 lakh people get pension in one way or other and this constitutes 76.13 per cent of the total old age people,” the RBI report said.
In the India innovation Index, Kerala has secured 8th position, ahead of Gujarat, which sits at the 14th position, the report showed. The RBI has also appreciated Kerala’s revenue-generating measures like Green tax.
The report also stated that Kerala was taking steps to encourage investment in new sectors.
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