Goyal presents Mega Pension Scheme for unorganised workers

The Union Minister for Railways, Coal, Finance and Corporate Affairs, Shri Piyush Goyal departs from North Block to Rashtrapati Bhavan and Parliament House, along with the Minister of State for Finance and Shipping, Shri P. Radhakrishnan, the Minister of State for Finance, Shri Shiv Pratap Shukla and the senior officials to present the Interim Budget 2019-20, in New Delhi on February 01, 2019.

Finance Minister Piyush Goyal in his budget proposed  the mega pension youjana for the unorganised sector workers that will benefit 10 crore people, Goyal said they will get assured monthly pension of Rs 3,000 after reaching the age of 60 years.

“We are launching Pradhan Mantri Shram Yogi Mandhan today. The scheme will provide assured monthly pension of Rs 3,000, with contribution of 100 rupees per month, for workers in unorganised sector after 60 years of age,” Goyal said.

Goyal, who is standing in for Arun Jaitley undergoing treatment in the US, informed the House that the government will also provide a matching contribution of Rs 100 for every unorganised worker covered under the scheme.

“The scheme will benefit 10 crore workers in unorganised sector, may become the world’s biggest pension scheme for unorganised sector in five years”.

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