Gandhi
Pravasi Suraksha Yojana, a pension and life insurance fund scheme for
blue-collar Indian workers in UAE was launched by the Union Minister of
Overseas Indian Affairs, Vyalar Ravi in Dubai on 28 October 2013.
The
scheme will cover 5 million overseas blue collar Indian workers who have the
Emigration Clearance Required (ECR) category passports in 17 countries. ECR
passports are issued to those workers who have not passed Grade 10. Around 65
per cent of more than two million Indians in the UAE are blue collar workers
and most of them are in the ECR category.
Blue collar jobs are pertaining to wage-earning workers who wear
work clothes or other specialized clothing on the job, as mechanics,
longshoremen, and miners.
About Mahatma
Gandhi Pravasi Suraksha Yojana
1.Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY), a special social security scheme for overseas Indian workers on temporary work permit in 17 Emigration Check Required (ECR) countries.
1.Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY), a special social security scheme for overseas Indian workers on temporary work permit in 17 Emigration Check Required (ECR) countries.
2.The MGPSY is aimed at helping the workers to save money for
their retirement, their return to India and resettlement and provides life
insurance cover against natural death during the period of coverage.
3.It provides home and a life insurance cover for 1 lakh rupees
during their work abroad.
4.The Government of India will contribute up to 2000 rupees
every year for male workers and 3000 rupees every year to women workers for up
to either five years or until the worker returns home, whichever is earlier.
5.It will be added to the Pension and Life Insurance (PLIF)
account of each eligible subscriber.
6.The workers have to contribute between 1000 rupees and 12000
rupees per annum towards the pension fund and 4000 rupees towards the return
and resettlement fund. They will derive corresponding benefits when they go
back home and during their old age.
7.Indian Workers Resource Centre or IWRC is the support center
for Indian workers in the UAE while Bank of Baroda is the official banking
partner of the scheme to enroll the workers.
