Concept:BHAVISHYA is a centralized online system for pension processing and tracking for retired Central Government employees.
Explanation:The BHAVISHYA portal is an online Pension Sanction and Payment Tracking System.
It is implemented by the Government of India to ensure timely payment of retirement benefits.
The portal is developed and maintained by the Department of Pension and Pensioners' Welfare (DoPPW), under the Ministry of Personnel, Public Grievances and Pensions.
It allows Central Government employees to track their pension cases from form submission to the issuance of the Pension Payment Order (PPO).
The system provides real-time tracking and sends automated SMS and Email alerts to retiring employees about their application status.
It digitizes the entire workflow, reducing delays and eliminating physical file movement between administrative offices.
The portal is integrated with the Public Financial Management System (PFMS) for seamless electronic transmission of pension data to Pension Disbursing Banks.
Related initiatives include the Anubhav Portal, CPENGRAMS, Jeevan Pramaan, SANKALP, and Pension Adalats, all aimed at pensioner welfare.
Answer:A. Pension Processing for Retired Employees