Govt's unclaimed funds to be used for health care of senior citizens: FM

Union Finance Minister Shri Arun Jaitely has said that unclaimed amount of government investments will be taken care of for the health care of senior citizens. He said in Kochi recently that the Government is currently working on this programme, which was approved in the Finance Bill last year.

Shri Jaitely was attending a function to announce distribution of 800 crore rupees to 1,11,111 beneficiaries under the Karunya Benevolent Fund, a social security programme of the Kerala government.

He also pointed out that a new and definite vision is coming up before the whole country that the fruits of developments should not be confined to a particular fortunate section of the people.

Shri Jaitley said only 11 per cent of the total population of the country have the benefit of pension now. In this situation, states have to step in various forms of social security schemes, Shri Jaitely said.