Senior Citizen Welfare Fund

  • Established in 2015
  • Fund gets money from unclaimed deposits of Public Provident Fund PPF and Employee Provident Fund EPF.
  • The money in accounts which have been inoperative for more than seven years will be diverted in this fund.
  • However, if someone comes back to claim the money even after seven years, the payment will be made after furnishing the required documents.
  • The fund will be administered by an Inter-Ministerial Committee, headed by a Chairperson.
  • The Committee will be competent to spend money from the fund for satisfying various objectives.

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