7 mn unorganised sector workers to get pensionsApril 12th, 2012 - 6:50 pm ICT by IANS
New Delhi, April 12 (IANS) Aiming to benefit around 7 million workers in the unorganised sector, the cabinet Thursday provided additional funding support of Rs.2,065 crore to the Swavalamban Scheme of the New Pension System (NPS) upto 2016-17.
The cabinet also extended the benefit of the Swavalamban Scheme from three to five years for all subscribers enrolled between 2010-11 to 2012-13, Human Resource Development Minister Kapil Sibal told reporters after a cabinet meeting chaired by Prime Minister Manmohan Singh.
The exit norms of the scheme have also been relaxed to enable subscribers leave at the age of 50 years instead of 60 years, or after a minimum tenure of 20 years, whichever is later, Sibal added.
Swavalamban is a contributory pension scheme under which the central government contributes Rs.1,000 per annum in each NPS account opened with deposits of of Rs.1000 to Rs.12,000 per annum.
- Cabinet approves implementation of Swavalamban Scheme - Aug 09, 2010
- New pension scheme for low-income workers to be launched Sunday - Sep 25, 2010
- Budget allocates Rs.100 crore to New Pension Scheme - Feb 26, 2010
- Exit norms of the pension scheme "Swavalamban" will be relaxed - Feb 28, 2011
- Old age security scheme for informal sector workers - Aug 09, 2010
- Food security bill near ready, hike in social sector spending - Feb 28, 2011
- National Social Security Fund to be set up for unorganized sector workers - Feb 26, 2010
- Cabinet okays Rs.1,000 crore fund for unorganised workers - Jul 28, 2011
- Financial benefits for labourers in Delhi hiked - Feb 07, 2012
- Key cabinet decisions of 2011 (2011 in Retrospect) - Dec 27, 2011
- Left-backed Kerala government staff to strike work Aug 21 - Aug 17, 2012
- Now, workers in unorganised sector under health insurance scheme - Jan 12, 2012
- Himachal offers sops to employees - Jun 18, 2012
- Tripura announces pension, housing schemes for journalists - May 22, 2012
- Allocation for agriculture up 18 percent - Mar 16, 2012
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