₹500 crore for pension for unorganised labour

₹500 crore for pension for unorganised labour

Budget 2019

News

The government, in the interim budget has announced Pradhan Mantri Shram-Yogi Maandhan for the unorganised sector.

Important Facts

  1. Under the scheme, an assured monthly pension of Rs. 3000 rupees per month will be provided to workers in the unorganised sector after 60 years of age.
  2. To avail the scheme, workers have to contribute an amount ranging from ₹55 to ₹100 each month, depending on their age, at the time of joining the scheme
  3. The government expects that the scheme would benefit 10 Crore workers.
  4. The new pension scheme will run alongside the existing Atal Pension Yojana
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