Labour & Employment Min celebrates Pension Week aimed at enrolling 1.5 Cr beneficiaries

New Delhi: In order to drive enrolments under Pradhan Mantri Shram Yogi Maandhan (PM-SYM) and National Pension Scheme for Traders and Self-Employed Persons (NPS-Traders), the Labour Ministry has decided to celebrate Pension Week during 30 November 2019 to 6 December 2019.

Today, a central function was inaugurated by Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment with an aim to enrol one crore beneficiaries for PM-SYM and 50 lakhs beneficiaries for NPS-Traders by March 2020. This event was live-streamed to 3.5 lakh Common Service Centres (CSCs) across the country.

Gangwar stated that both the pension schemes are simple and hassle-free. For the enrolments, only Aadhar and savings bank/Jandhan account is required and it takes 2-3 minutes to get oneself enrolled under the Schemes. The monthly contribution has been kept at the lowest level that ranges from Rs 55 to Rs 200 per month depending upon the entry ages of the subscriber.

Gangwar added that if a person is 30 years old, his monthly contribution would be around Rs 100 and in this way, he will contribute just Rs 1,200 per year and Rs 36,000 in his entire contribution period but after attaining 60 years, he will get Rs 36,000 per year as pension. 

The Minister stated that the life table clearly indicates that if a person reaches 60 years, he is likely to survive around 80 years of his age. After his death, his spouse will get 50% of the pension (Rs 1,500) per month. If husband and wife are both eligible, they can join the Scheme separately and after 60 years, they will get Rs 6,000 as pension which will be sufficient to meet their daily needs during their old age.  If one of them dies during the pension period, the spouse will get Rs 4500 per month as a monthly pension – Rs 3,000 as his own and Rs 1,500 from the spouse, Gangwar informed.

Gangwar expressed hope that during the Pension Week, awareness campaigns will be organised for 10 crore Ayushman Bharat beneficiaries, 11 crore workers under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 4-5 crore BOC workers, 2.5 crore Self Help Group members, 40 lakh Anganwadi workers and 10 lakh (Accredited Social Health Activist (ASHA) workers to know about the benefits of these Pension Schemes.

While addressing the function, Labour Secretary, Heeralal Samariya, said that the CSCs which will enrol more than 100 persons, during the Pension Week, will be given additional incentive. 

Samariya said that efforts will be made to motivate targeted groups like construction workers, ASHA workers, Aanganwadi workers and domestic workers to get benefit from the schemes.

He expressed hope that the State Governments along with their District level functionaries will try to enrol a maximum number of beneficiaries during the week.

The progress of the Scheme is being regularly reviewed in the Ministry. 

Anuradha Prasad, Additional Secretary, Labour & Employment, Sunil Barthwal, Central Provident Fund Commissioner (CPFC), Ajay Tewari, Directorate General Labour Welfare (DGLW) and other senior officials were also present on the occasion.

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The ID Staff

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