India's Labour Ministry announced the CPPS pilot, set for nationwide rollout by 2025, benefiting 78 lakh pensioners.

The Union Labour Ministry announced the successful pilot of the Centralised Pension Payments System (CPPS) under the Employees' Pension Scheme, which disbursed over ₹11 crore to 49,000 pensioners in Jammu, Srinagar, and Karnal. Set for nationwide implementation by January 2025, the CPPS allows pensioners to receive payments from any bank without needing to visit for verification, benefiting over 78 lakh EPS pensioners and modernizing the disbursement process.

November 08, 2024
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