Punjab is releasing ₹1,423 crore for old-age pensions for seniors across the state, according to two reports. India Today states that the payment amounts to ₹1,423 crore and covers 23.77 lakh elderly beneficiaries. The Times of India also reports that Punjab pays ₹1,423 crore for old-age pension disbursements. Both sources frame the release as a financial outlay specifically targeted at elderly people eligible for the old-age pension scheme. The reports align on the key figures—₹1,423 crore in total pension payments and the beneficiary scale of about 23.77 lakh seniors—though they provide limited additional detail beyond the overall disbursement. The information is presented as an administrative release of pension funds intended to support eligible older residents in Punjab.