Explanation:

The Madhu Babu Pension Yojana(MBPY) is a pension scheme introduced in the Indian State of Odisha with the objective of providing financial assistance to the destitute elderly and destitute differently abled persons in the state.The Madhu Babu Pension Yojana (MBPY) is a beneficial scheme initiated under the Department of Social Security and Empowerment of Persons with Disabilities for the disabled, old age persons in the state of Odisha, India. The Madhu Babu Pension Yojana was launched by Chief Minister of Odisha, w.e.f. 01.01.2008 by merging the two pension schemes i.e. namely, Revised Old Age Pension Rules, 1989 and Disability Pension Rules, 1985.