Labour Ministry launches ‘donate a pension’ scheme

What is the News?

Ministry of Labour and Employment has launched the “Donate a Pension” Scheme.

What is a Donate a Pension Scheme?

It has been launched under the Pradhan Mantri Shram Yogi Maan-Dhan Scheme(PM-SYM).

Under this scheme, any citizen can donate the premium contribution under PM-SYM 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 can be paid through maandhan.in or visiting a Common Service Centre.

Source: This post is based on the article “Labour Ministry launches ‘donate a pension’ scheme” published in The Hindu on 8th Mar 2022.