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The World Bank is providing technical and analytical help to Union and State Governments in the new pension system. It has approved a grant of US$ 4,50,000 to support institutional capacity building for reforming India’s pension system.
The Government has so far received an amount of about US$ 1,10,000. However, no amount has been released to any State.
The Technical Assistance will address pension concerns of new entry civil servants.
This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question by Shri Adhalrao Patil Shivajirao in Lok Sabha today.
BSC/BY/DN-140/05
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