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Interim Budget announces Rs 3,000 monthly pension for unorganised workers

For the scheme named PM Shram Yogi Mandhan, govt will allocate Rs 500 crore

Interim Budget 2019, Budget 2019
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Interim Budget 2019: Finance Minister Piyush Goyal will present the Budget

BS Web Team
Finance Minister Piyush Goyal's Interim Budget on Friday announced a pension scheme for unorganised sector workers. The PM Shram Yogi Mandhan assures a monthly pension of Rs 3,000 a month when a worker attains 60 years of age.


Key features of the scheme:

  • Assured monthly pension after 60 years of age for pensioner. 
  • An unorganised sector worker joining the svheme at 29 years of age will only have to give Rs 100. Govt contribution will match the share. 
  • 10 crore unorganised sector workers will benefit, 
  • It