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Government plans to make social security scheme for informal workers more attractive

Govt plans options like free accident cover and reduced monthly contribution for attracting more informal workers to join the voluntary Pradhan Mantri Shram Yogi Maandhan pension scheme

Source | economictimes.indiatimes.com | Yogima Seth Sharma

The government is looking to make its flagship social security scheme for informal workers more attractive by offering a free accident cover or slashing the monthly contribution amount as new enrolments have slumped to an all-time low.

A top official said the government is considering various options to attract more informal workers to join the voluntary Pradhan Mantri Shram Yogi Maandhan (PM-SYM) pension scheme.

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Source
economictimes.indiatimes.com
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