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What is the News?
Over one lakh people have received pensions directly in their bank accounts through the SAMPANN (System for Accounting and Management of Pension) project.
What is SAMPANN?
The SAMPANN Initiative was launched in 2018 by the Controller General of Communication Accounts (CGCA), Department of Telecommunications.
Purpose: It is a seamless online pension processing and payment system for Department of Telecommunications pensioners. It provides direct credit of pension into the bank accounts of pensioners.
Key Features of SAMPANN
Direct disbursement of pension on a timely basis without intermediaries,
Single window system for complete pension process,
Every pensioner gets access to key information like payment history along with a login option,
Tracking of pension status from home encourages transparency and accountability,
Online submission of grievances and timely SMS alerts.
| Read more: MoD launches SPARSH for sanction and disbursement of defence pension |
Significance of SAMPANN Initiative
The system has helped the Department in the faster settlement of pension cases, improved reconciliation/auditing and ease of accounting.
It has also ensured recurring monthly savings to the Government of India on account of the Commission being paid to Banks/Post Offices for payment of Pension.
| Read more: Pension scheme for informal workers hits stagnation point |
Source: This post is based on the article “Over 1 lakh people getting pension directly into their bank accounts through SAMPANN project” published in PIB on 9th December 2021.
