Budget 2019: Piyush Goyal Announces Pension of Rs 3,000 Per Month for Unorganised Workers Sector Under Pradhan Mantri Shram Yogi Mandhan
Finance Minister Piyush Goyal on Friday announced the "Pradhan Mantri Shram Yogi Mandhan", a scheme to provide assured monthly pension of Rs 3,000 per month for workers in the unorganised sector.
New Delhi, February 1: Finance Minister Piyush Goyal on Friday announced the "Pradhan Mantri Shram Yogi Mandhan", a scheme to provide assured monthly pension of Rs 3,000 per month for workers in the unorganised sector.
While presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said the scheme will benefit 10 crore workers and might become the world's biggest pension scheme for the unorganised sector in the next five years. Budget 2019 Live News Updates: No Change in Income Tax Slabs, Rates in Interim Budget.
Under the scheme, the workers will receive a monthly pension of Rs 3,000 after 60 years of age. The workers will then have to contribute Rs 100 per month towards the scheme.
(The above story first appeared on LatestLY on Feb 01, 2019 12:10 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).