BHAVISHYA : SCHEME
NEWS: Promoting Digital
Empowerment and Ease of Living for Pensioners
WHAT’S
IN THE NEWS?
The Department of Pension and Pensioners’
Welfare’s “Bhavishya” software, implemented from January 2017, streamlines
pension processing for central government employees.
It integrates auto-registration, self-filling
forms, real-time updates, and e-PPO issuance, resulting in 83% of PPOs being
issued on time.
- Bhavishya is a centralized
pension processing software developed by the Department of Pension and
Pensioners’ Welfare (DOPPW) to streamline and enhance the
efficiency of pension processing for central government employees.
- Implemented on January 1,
2017, it integrates with payroll systems to auto-fill data, enables
self-registration and form-filling by retirees, and enforces strict
processing timelines.
- The software offers
real-time updates, automates pension calculations, and issues electronic
PPOs.
- It is digitised end-to-end,
integrates with Digilocker for document storage, and connects with bank
portals for post-retirement services, significantly improving transparency
and reducing processing delays.
Source : https://pib.gov.in/ErrorPage.html?aspxerrorpath=/PressReleasePage.aspx