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₹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
- 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.
- 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
- The government expects that the scheme would benefit 10 Crore workers.
- The new pension scheme will run alongside the existing Atal Pension Yojana
