Budget 2019: Mega pension scheme announced for unorganised sector, retired employees to get Rs 3000 per month
Pradhan Mantri Shram Yogi Mandhan: A mega pension yojana, namely Pradhan Mantri Shram Yogi Mandhan (PMSYM) was launched in Budget 2019. The new scheme will provide assured Rs 3000 per month to workers in unorganized sector after 60 years of age. "Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan, to provide assured monthly pension of 3000 rupees per month, with a contribution of 100 rupees per month, for workers in unorganized sector after 60 years of age," Piyush Goyal said.
Goyal said that the scheme will benefit 10 crore workers in the sector and may become the largest pension scheme in this sector. "Will benefit 10 crore workers in unorganized sector, may become the world's biggest pension scheme for unorganized sector in five years," he said.
(To be Updated)
Watch live streaming of Budget 2019 here:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
12:14 PM IST