Labor Day Special: Central Government’s big scheme…
Labor Day Special: Central Government’s big scheme for those earning less than Rs 15,000
May 1 is Labor Day and we are informing you about the schemes introduced by the government for the workers which you can take advantage of. Unorganized sector workers around the world lack social security.
The Central Government launched the Pradhan Mantri Shram Yogi Maan Dhan (PM-SYM) scheme to provide social security to such unorganized workers. The scheme covers workers in the age group of 18 to 40 years earning less than Rs 15,000 per month.
Such workers do not have access to facilities like pension, health insurance. According to the central government, more than 42 crore workers in India work in the unorganized sector. These include laborers, laborers, mathadi workers, garbage sellers, rickshaw pullers, construction workers, factory workers.
The government has kept the premium for the scheme very low, focusing on the low-income group. So that the maximum number of workers can benefit from the scheme. After participating in this scheme, after 60 years, the workers will get a pension of Rs. 3,000 per month.
Applicants for this scheme will need Aadhar card, savings or Jandhan account and mobile number. For this you have to apply at the Common Service Center, if you do not know about it, you can get the information on the website of LIC and the Ministry of Labor.
If any employee is 18 years of age, he will have to deposit Rs. 55 per month for 60 years for the scheme. Thus, different amount has been fixed for 18 to 40 year old. The more money the workers deposit in it, the more money will be deposited by the government.
If a person is 29 years old, he will have to deposit Rs. 100 per month till the age of 60 years. If a worker joins the scheme after the age of 40, he will have to deposit Rs 200 per month.
If the beneficiary of the scheme dies during the pension period, 50 per cent pension will be given to his wife or husband. Beneficiaries cannot include children’s names in the scheme.
In addition, any employee coming under the new Pension Scheme (NPS), Employees State Insurance Authority, Employees Provident Fund Scheme will not be able to avail the benefits of this scheme. Apart from that, there is a condition that the worker should not be an income tax payer.
You can register by visiting the office of LIC, Labor Office, CSC. The premium will be taken in cash in the first month after which your account will be opened. Under this you will get Shram Yogi Card. For more information call toll free number 1800 267 6888.
