Lok Sabha Question No. 4674 (UNSTARRED), answered on 2020-03-23
Subject: Pension Scheme
Ministry: LABOUR AND EMPLOYMENT
Asked by: Ramdas Chandrabhanji Tadas, Sangamlal Kadedin Gupta

## GOVERNMENT OF INDIA

## MINISTRY OF LABOUR AND EMPLOYMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 4674 TO BE ANSWERED ON 23.03.2020

## PENSION SCHEME

†4674. SHRI RAMDAS C. TADAS: SHRI SANGAM LAL GUPTA:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

- (a)whether  the  Government  had  announced  the  monthly  pension
- scheme of 3000 rupees for the workers of unorganized sector;
- (b)if so, the current status thereof;
- (c)whether any action plan has been formulated by the Government to
- implement this;
- (d)if so, the time by which it is likely to be implemented;
- (e)whether  the  Union  Government  has  formulated  any  action  plan  to implement  pension  scheme  and  free  of  cost  life  insurance  for
- labourers engaged in construction work; and
- (f)if so, the details thereof?

## ANSWER

## MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI SANTOSH KUMAR GANGWAR)

(a) to (f): Ministry of Labour and Employment has started implementing Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), w.e.f. 15-02-2020  for  old  age  protection  of  Unorganised  Workers,  including labourers in the construction sector, depending upon the eligibility in the  form  of  monthly  pension,  which  is  a  voluntary  and  contributory pension  scheme  for  providing  monthly  minimum  assured  pension  of Rs.3,000/- on attaining the age of 60 years. The unorganised workers in the age group of 18-40 years whose monthly income is Rs.15,000/- or less and not a member of EPFO/ESIC/NPS(Govt. funded)  can join the scheme. Under the scheme, 50% monthly   contribution   is payable by the beneficiary and equal matching contribution is paid by the Central Government.    The  enrolment  is  being  done  through  the  country-wide network  of  3.50  lakh  Common  Service  Centres  under  the  Ministry  of Electronics and Information Technology. As on 19.02.2020, over 4352 lakh beneficiaries have been enrolled under PM-SYM Scheme.

In June, 2017, Government has converged Aam Admi Bima Yojana with Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan  Mantri  Suraksha  Bima  Yojana  (PMSBY)  to  provide  life  and disability cover to eligible unorganised workers including labourers in the construction sector.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri  Suraksha  Bima  Yojana  (PMSBY)  provide  insurance  cover  to unorganised workers. Pradhan  Mantri Jeevan  Jyoti  Bima  Yojana provides  life  insurance  cover  of  Rs.2  lakh  on  payment  of  premium  of Rs.330/- per annum. PMJJBY is available to people in the age group of 18  to  50  years.  Pradhan  Mantri  Suraksha  Bima  Yojana  provides insurance coverage of Rs.2 lakh on accidental death or full disability, and Rs.1 lakh on partial disability on payment of premium of Rs.12/- per annum. The Scheme is available to people in the age group of 18 to 70 years.    The  total  premium  of  Rs.342/-  is  shared  equally  between  the State Government and Central Government.

Further, a Model Scheme for Building and other Construction Workers along with Action Plan for strengthening implementation  machinery,  was  circulated  to  all  the  States/UTs  in October, 2018 requesting them to take action and for strict compliance of the Scheme.  The provisions of the Model Welfare Scheme include, life and  disability cover, health and  maternity cover, education, housing, skill development, awareness programmes and Pension.

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