Friday, January 31, 2020

60 lakh informal workers, small traders enrolled under new pension schemes: President

Around 60 lakh informal sector workers and small traders are covered under the pension schemes launched in 2019, President Ram Nath Kovind said on Friday. Last year, the government launched Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) and Pradhan Mantri Laghu Vyapari Maan-dhan Yojana (PM-LVM) for providing assured minimum pension of Rs 3,000 per month. "Farmers, agricultural labourers, unorganized sector labourers and small traders of the country had expectations of a pension scheme that would be of help to them in their old age. "My Government has not only fulfilled their wish, but also has covered about 60 lakh beneficiaries so far, under these pension schemes," Kovind said addressing a joint sitting of both Houses of Parliament.

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