All monthly payers are given a certain level of protection when they retire through the EPFO. Private monthly salary earners are covered under various terms such as BP money and insurance of Rs 7 lakh.
But the daily wage workers, the workers and the millions of people in the unclassified sector have no protection and thus in old age the people in this category are pushed to a very poor position without even money for basic necessities.
Similarly, if you want to provide protection to your housemaids or maids on a long-term basis, then the Chief Minister of the Union Government, Shram Yogi Mann, may choose his scheme.
Shram Yogi Man Tan Yojana
Prime Minister Shram Yogi Mann can get a pension of Rs 36,000 per annum at the rate of Rs 3,000 per month per person through his scheme. Do you know how much you need to invest for it 2 rupees per day i.e. just 60 rupees per month.
Modi government
Prime Minister Shram Yogi Mann’s plan is to ensure that the federal government, led by Prime Minister Narendra Modi, provides millions of daily wage workers, workers and non-classified workers in India with protection in old age, financial assistance and the same protection as monthly wage earners.
workers
Domestic Workers, Roadside Vendors, Lunch Workers, Loaders, Brick Kiln Workers, Shoe Workers, Trench Pickers, Domestic Workers, Laundry Workers, Rickshaw Drivers, Landless Workers, Self-Employed or Cottage Workers, Farmers, Construction Workers, Beed Workers, About 42 crore people are employed in the unclassified sector of India as handloom workers, leather workers, sound and light workers or workers in other similar industries.
3000 pension
Prime Minister Shram Yogi Mann can invest in his own scheme at the rate of 60 rupees per month. Anyone who reaches the age of 60 will get a minimum pension of 3000 rupees per month. If the investor dies in this scheme, 50 per cent of the specified pension amount will be paid to his spouse.
18 to 40 years old
Only people between the ages of 18 and 40 can invest in the scheme, and Prime Minister Shram Yogi Mann can invest between Rs 55 and Rs 200 per month in his scheme.
The amount of investment
The amount of monthly investment will be determined depending on the starting age of the investment. For example, if you start investing at the age of 40, you will have to pay 200 rupees per month. The program is easily available at the nearest CSC Center.
Farmers pension plan by modi govt.
The Central Government has introduced some of schemes for the advantage of farmers, mainly beneathneath the Prime Minister’s Summon Fund, ie the BM Kisan Scheme, wherein the Central Government disburses Rs.
While it’s far believed that the BM Kisan scheme can notably alleviate the present day monetary woes of farmers, the vital authorities has advanced a scheme to acquire month-to-month pensions to guard farmers at some stage in retirement.
