The India senior citizens are not covered by any social security network. A miniscule number of Government employees and few private sector workers retire with pensions. The unorganized sector workers who form over 94 % of the work force are not covered by any sort of pensions.
Existing Government Schemes:
Currently, persons above 60 years get a pension of Rs. 200 per month, and those over 80 years get Rs. 500 per month under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) constituted by the Ministry of Rural Development. However this is only for those Below the Poverty Line. Of the total elderly population, 9.92 crore , only 1.97 crore are beneficiaries of IGNOAPS, which means that only about one in every five person over 60 years old receives old age pension.
The rate of pension paid to elderly people till the year 2011, ranges from a maximum of 1000 rupees in Goa and Delhi to a paltry 200 rupees per month in states such as Andhra Pradesh, Bihar and Odisha. Currently the central government only guarantees a small sum of Rs. 200, to families identified under the BPL line. The targeting system of disbursement through the BPL-APL criterion has further aggravated the issue by excluding some of the most marginalized and needy, who live without family or social support, and are no longer able to earn a living through hard physical labour.