CURRENT AFFAIRS

Detailed explanation-1: -The Bihar Mukhyamantri Vridhajan Pension Yojana (MVPY) scheme provides financial assistance to senior citizens of the state.

Detailed explanation-2: -Bihar is the first state to launch a universal old-age pension scheme called Mukhya Mantri Vridhjan Pension Yojana in which each person at the age of 60 years and above gets financial support.

Detailed explanation-3: -The scheme is implemented as part of the National Social Assistance Program (NSAP) of the Ministry of Rural Development, Government of India. It is a non-contributory scheme and provides a monthly income for citizens or to refugees above 60 years, who have no other source of income.

Detailed explanation-4: -IGNOAPS – Indira Gandhi National Old Age Pension Scheme The IGNOAPS is one such pension plan in India. It was introduced in 2007 by the Ministry of Rural Development, and it is popularly known as NSAP (National Social Assistance Programme).

Detailed explanation-5: -Mukhyamantri Vridhjan Pension Yojna: Mukhyamantri Vridhjan Pension Yojna- This is a state run old age pension scheme in which the beneficiary would get a monthly pension of Rs. 400 whereas the beneficiary whose age is 80 years and above would get a monthly pension of Rs. 500 .