Senior Citizen Welfare Fund

♤ Senior Citizen Welfare Fund has been established by the Government to promote financial security of senior citizens, old age pension, healthcare, health insurance and welfare of elderly widows.

♤ The Fund will also fund schemes related to old-age homes, day care of senior citizens and research activities related with ageing.

♤ This Fund will utilise unclaimed money, estimated to be in excess of Rs 9,000 crore, lying in PPF, employees provident fund and various small savings schemes.