Tamil Nadu Assured Pension Scheme will be implemented as soon as Centre sanctions borrowing of ₹11,000 crore, says Marie Wilson
Until then, we have decided to give an interim payout to those who retired or are retiring on or after January 1, 2026. We will implement the scheme as soon as the Union government accords sanction, says the Finance Minister
Tamil Nadu Finance Minister Marie Wilson announced on Monday that the Tamil Nadu Assured Pension Scheme (TAPS) will be implemented once the Union government approves borrowing of ₹11,000 crore. She stated that the interim payout to retirees or those set to retire from January 1, 2026, would be made immediately. The AIADMK MLA Sevvoor S. Ramachandran criticized the government for not implementing the election promises, such as ₹2,500 monthly assistance for women, free bus travel, and financial aid for the unemployed and elderly.
The Finance Minister explained that the state had borrowed ₹19,337 crore in 2025-26 and was actively reducing the debt. However, AIADMK critic Edappadi K. Palaniswami argued that the subsidy provided did not match the past due to increased costs.
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