Delhi Cabinet clears pension scheme for unorganized sector

A pension scheme for un-organised and informal sector workers was today cleared by Delhi government.
A meeting of Delhi Cabinet, presided by Chief Minister Sheila Dikshit, cleared the proposal to launch Dilli Swavalamban Yojana.
The pension scheme would be open to all workers in the age group of 18-60 years. Each of the workers will have to contribute Rs 1,000 per annum and an equal amount would be given by the city government.
At the age of 60 years, a worker can withdraw 60 per cent of the total amount from his account and 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 years. In case of the death of the beneficiary, the entire corpus amount will be given to his nominee.
To avail the benefit of the scheme, a worker will have to be a resident of Delhi for at least three years at the time of enrollment in Dilli Swavalamban Yojana.
Dikshit said all those working in unorganised and informal sectors such as hawkers, artisans, construction workers, leather workers, domestic workers, cobblers, rickshaw pullers, anganwadi workers, anganwadi helper, auto drivers and taxi drivers will be able to benefit from the scheme.

The cabinet has also given its nod to a proposal for grant of ownership rights to those who were allotted houses under Subsidized Industrial Housing Scheme, 1952.