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India: Pension scheme approved for informal sector workers

India: Pension scheme approved for informal sector workers

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by IDWFED published Sep 10, 2013 12:00 AM
With an eye on the polls, the Delhi Cabinet on Monday approved a slew of proposals, including a pension scheme for unorganised and informal sector workers. Trying to please every possible votebank ahead of the elections, Chief Minister Sheila Dikshit said her government "has always been taking care of the low-paid workers in the unorganised sector". A meeting of the Delhi Cabinet, presided by Dikshit, approved the Dilli Swavalamban Yojana. The pension scheme would be open to all workers in the 18-60 age group. Each worker will have to contribute Rs 1,000 per annum. An equal amount would be given by the state government.

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INDIA -

With an eye on the polls, the Delhi Cabinet on Monday approved a slew of proposals, including a pension scheme for unorganised and informal sector workers. Trying to please every possible votebank ahead of the elections, Chief Minister Sheila Dikshit said her government "has always been taking care of the low-paid workers in the unorganised sector".

A meeting of the Delhi Cabinet, presided by Dikshit, approved the Dilli Swavalamban Yojana. The pension scheme would be open to all workers in the 18-60 age group. Each worker will have to contribute Rs 1,000 per annum. An equal amount would be given by the state government.

Under the scheme, a worker can withdraw 60 per cent of the total amount from his account when he or she attains 60 years. The balance 40 per cent would remain in his account for which the beneficiary will be given pension. Any worker will have the option of exiting the scheme before attaining the age of 60. In case of death, the entire corpus amount will be given to the nominee.

To avail the benefit, a worker will have to be a resident of Delhi for at least three years at the time of enrollment. "All those working in the unorganised and informal sectors such as hawkers, artisans, construction workers, leather workers, domestic workers, cobblers, rickshaw-pullers, anganwadi workers, autorickshaw drivers and taxi drivers will be able to benefit from the scheme," Dikshit said.

Ownership Rights

The Cabinet on Monday also gave a go-ahead to a proposal for grant of ownership rights to those who were allotted houses under the 1952 Subsidised Industrial Housing Scheme. The scheme was introduced by the Union government, under which the Delhi administration constructed 4,844 quarters at different places with financial assistance from the Centre.

In 1978, the scheme was modified to permit transfer of these quarters to those in occupation. A survey was conducted in 2005 which certified that 2,873 allottees/occupants out of 4,844 have been issued lease and conveyance deed.

"In view of the recent decision of the city government regarding grant of freehold ownership rights in 45 jhuggi-jhopri resettlement colonies, the Labour department has mooted a similar proposal in respect of quarters built under the Subsidised Industrial Housing Scheme for grant of ownership rights," Dikshit said. The Cabinet approved the proposal and the same is being sent to the Union government for approval.

NIT

In another decision, the Cabinet gave its nod for releasing payment of Rs 158 crore to the DDA for a plot measuring 20.8 hectare for developing a permanent campus of the National Institute of Technology at Narela. At present, the institute functions from a polytechnic campus at Sector-9 in Dwarka.

The Chief Minister said the Cabinet has decided to allow the Bombay Natural History Society (BNHS) to run the Conservation Education Centre at Asola Bhatti Wildlife Sanctuary in Tughlakabad for a period of five years at a cost of Rs 2.23 crore.

More information:

  1. Pension scheme approved for unorganised workers | The Hindu

Source: The Indian Express

Story Type: News

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