A benefit, usually money, paid regularly to retired employees or their survivors by private businesses and federal, state, and local governments. Pension is the benefit plan” where a fixed sum is paid regularly to a person. Bikram singh majithia distributes the pension to old people. He also promised that sarpanches in villages would distribute pensions to beneficiaries and the amount would be credited directly in panchayat accounts.
It will help to those who look after their children, beneficial to widows and handicapped persons. Pensions are given to enjoy the benefits of your years of hard work. Punjab government is doing a lot for the people. He Seeks the blessing of elders by taking such initiative step for the peace and harmony of Punjab. “Punjab is the only state in the country that will distribute Rs 86.25 crore to more than 17 lakh beneficiaries in a single day every month.” It also have created so many advantages for the Punjab and its people. It has been estimated that the poor have raised above the poverty line.
Benefits of economic growth have trickle down to the poor in the form of more employment opportunities, greater productivity and higher wages. Punjab Government has raised the capital to generate more employment opportunities and increase productivity of labour. Agriculture growth has reduced the poverty line as well. The development of infrastructure has also speed up. Special employment schemes for the poor have been provided. Generate wage employment for the rural poor by the government. It has made useful contribution to poverty reduction in the rural areas.