‘DONATE A PENSION’ SCHEME

March 8, 2022

The Union Labour and Employment Ministry launched the “donate a pension” scheme allowing any citizen to pay the premium amount on behalf of an unorganised worker under the Pradhan Mantri Shram Yogi Maan-Dhan Scheme.

About:

  • The pension scheme, which was launched in 2019, allows unorganised sector workers between the age of 18 and 40, who earn up to ₹15,000 a month, to enroll by paying a premium amount between ₹55 and ₹200, depending on the age, that would be matched by the government.

  • On reaching the age of 60, the beneficiaries would get a ₹3,000 monthly pension. As of March 3, the scheme had 46.34 lakh enrolments.

  • “Donate a pension” scheme allows a citizen to “donate the premium contribution of their immediate support staff such as domestic workers, drivers, helpers, care givers, nurses, in their household or establishment.

  • The donor can pay the contribution for a minimum of one year, with the amount ranging from ₹660 to ₹2,400 a year, depending on the age of the beneficiary.

  • The premium amount can be paid through maandhan.in or by visiting a Common Service Centre anywhere in the country.

Source : The Hindu

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