The Ministry of Labor launches the “Donate-a-Pension” program. Check eligibility, other details

The Ministry of Labor launches the “Donate-a-Pension” program. Check eligibility, more details

New Delhi: In a bid to create and contribute to the pension of support staff, Union Labor and Employment Minister Bhupender Yadav on Monday launched the ‘Donate-a-Pension’ scheme under Pradhan Mantri Shram .

Under this initiative, people can donate the contribution of their immediate support staff, such as domestic workers, drivers, aides, etc. Announcing the launch of the program, Bhupendra Yadav tweeted, “Launching the ‘Donate-a-Pension’ program at my residence by donating to the gardener. This is an initiative under the pension scheme (PM-SYM) where citizens can donate the contribution of their immediate support staff, such as domestic workers, drivers, assistants, etc.

Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

The PM-SYM is a 50/50 voluntary and contributory pension scheme in which the beneficiary pays a stipulated contribution according to age and the central government joins in.

For example, if a person joins the scheme at the age of 29, he must donate 100 rupees per month until he reaches the age of 60, at which time the central government will contribute an equal amount of 100 rupees. The subscriber will receive the guaranteed monthly pension of Rs 3000/- with benefit of family pension, as the case may be.

Plan eligibility

The beneficiary of the scheme can be any worker in the unorganized sector mainly engaged as a home worker, street vendor, midday meal attendant, site manager, bricklayer, shoemaker, ragpicker, domestic worker, laundry washer, rickshaw puller – push. , landless workers, self-employed workers, agricultural workers, construction workers, beedi workers, hand weaving workers, leather workers, audiovisual workers and others similar occupations.

According to the Ministry of Labour, any worker whose monthly income is Rs 15,000/month or less and belongs to the entry age group of 18-40 years is eligible for the scheme.

Moreover, they should not be covered by the New Pension Scheme (NPS), the Employees State Insurance Corporation (ESIC) scheme or the Employees Provident Fund Organization (EPFO). Moreover, he should not be a taxpayer.

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