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English Release 28-January 2015
Date Month Year
  • President's Secretariat
  • President of India congratulates king of Saudi Arabia on his accession to the throne
  • Vice President's Secretariat
  • VICE PRESIDENT MEETS TABLEAU ARTISTS & TRIBAL GUESTS OF REPUBLIC DAY PARADE-2015
  • Prime Minister's Office
  • Text of PM's remarks at the NCC Rally 2015
  • PM's remarks at the NCC Rally
  • PM salutes Punjab Kesari Lala Lajpat Rai, on his birth anniversary
  • Cabinet
  • Reconstitution of Empowered Committee regarding setting up of Semiconductor Wafer Fabrication (FAB) manufacturing facilities in the country
  • Acceptance of the Order of the High Court of Bombay in the case of Vodafone India Services Private Limited
  • Spectrum Auction for 2100 MHz Band in February 2015
  • Signing of MoU between India and Oman in the field of tourism
  • Cabinet Committee on Economic Affairs (CCEA)
  • Mandatory use of jute in packaging for the Jute Year 2014-15 (1st July, 2014 to 30th June, 2013)
  • Grant of subsidy to Jute Corporation of India to maintain its infrastructure for MSP operations
  • Proposal of the HDFC Bank Limited for (i) maintaining the permissible foreign holding in the bank up to 74% of the total paid up capital and (ii) issuance of equity shares aggregating to an amount of Rs.10,000 crore to NRIs/FIIs/FPIs subject to aggregate foreign shareholding not exceeding 74 percent of the post issue paid up capital
  • Proposal of M/s Lupin Limited for increase in aggregate limit of investment by FIls and their sub accounts registered with SEBI, from 33 percent to 49 percent
  • Min for Develop. of North-East Region
  • DoNER Minister Dr. Jitendra Singh proposes setting up of hostels for students of Northeast studying in Delhi
  • Min of Agriculture
  • No Shortage of Seeds in Kharif Season 2015
  • Min of Comm. & Information Technology
  • Reconstitution of Empowered Committee regarding setting up of Semiconductor Wafer Fabrication (FAB) manufacturing facilities in the country
  • Spectrum Auction for 2100 MHz Band in February 2015
  • Min of Defence
  • Curtain Raiser – Beating Retreat Ceremony 2015
  • LCA TEJAS Achieved Yet another Accomplishment
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  • India committed to pursue and practice clean and sustainable development – Shri Prakash Javadekar
  • Ministry of Finance
  • Acceptance of the Order of the High Court of Bombay in the case of Vodafone India Services Private Limited
  • Amended Exchange Rates of Foreign Currency Notified
  • Min of Home Affairs
  • India wants good neighbourly relations, says Union home minister
  • Min of Mines
  • Steel & Mines Minister Shri Narendra Singh Tomar pushes for scientific exploration of Kolar Gold Fields
  • Steel & Mines Minister Shri Narendra Singh Tomar Takes Stock of MMDR Ordinance Implementation Status
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 45.38 per bbl on 27.01.2015
  • Min of Road Transport & Highways
  • Developing Roads in North-East and Border Areas is Government’s Priority, says Nitin Gadkari
  • Min of Skill Development and Entrepreneurship
  • Need to Scale Skilling Initiatives with Speed and Standard: Shri Rajiv Pratap Rudy
  • Min of Textiles
  • Grant of subsidy to Jute Corporation of India to maintain its infrastructure for MSP operations
  • Mandatory use of jute in packaging for the Jute Year 2014-15 (1st July, 2014 to 30th June, 2013)
  • Proposal of the HDFC Bank Limited for (i) maintaining the permissible foreign holding in the bank up to 74% of the total paid up capital and (ii) issuance of equity shares aggregating to an amount of Rs.10,000 crore to NRIs/FIIs/FPIs subject to aggregate foreign shareholding not exceeding 74 percent of the post issue paid up capital
  • Proposal of M/s Lupin Limited for increase in aggregate limit of investment by FIls and their sub accounts registered with SEBI, from 33 percent to 49 percent
  • Ministry of Tourism
  • Signing of MoU between India and Oman in the field of tourism
  • Min of Urban Development
  • Special Purpose Vehicle to be formed for setting up Sewerage Treatment Plants in Ganga cities
  • Ministry of Water Resources
  • German Delegation Calls on Uma Bharti
  • Jharkhand CM Raghubar Das calls on Uma Bharti
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Speech of Shri Sarbananda Sonowal at BRICS International Youth Forum

Previous Date

 
Ministry of Overseas Indian Affairs06-December, 2012 17:36 IST
Mahatma Gandhi Pravasi Suraksha Yojana
The Government has launched Mahatma Gandhi Pravasi Suraksha Yojana(MGPSY) on 1st May 2012 on a pilot basis

 

The Government has launched Mahatma Gandhi Pravasi Suraksha Yojana(MGPSY) on 1st May 2012 on a pilot basis. The objective of MGPSY is to encourage and enable overseas Indian workers having Emigration Check Required (ECR) passports going to ECR countries, to (a) save for their return and resettlement and (b) save for their pension. They are also provided Life Insurance cover against natural death, during the period of coverage, without any additional payment by them.

            The Government also contributes, for a period of five years, or till the return of workers to India, whichever is earlier, as under:

·     Rs.1,000 per subscriber who saves between Rs.1,000 and Rs.12,000 per annum in their National Pension Scheme(NPS) -Lite account;

·     An additional contribution of Rs.1,000 per annum for overseas Indian women workers who save between Rs.1,000 and Rs.12,000  per annum  in National Pension Scheme(NPS)-Lite account;

·     An annual contribution of Rs. 900 per annum per subscriber who saves at least  Rs. 4000 per annum towards Return and Resettlement fund;

·     Rs.100/- for life insurance cover of Rs.30,000 per year against natural death and Rs.75,000 against death by accident through the Janshree Bima Yojana of Life Insurance Corporation of India (LIC).

There is an integrated enrolment process for the subscribers who will be issued a unique MGPSY account number upon enrolment.  On their return to India, the subscriber can withdraw the Return and Resettlement savings as a lump sum. However, the subscriber would be able to continue savings for their old age in the NPS-Lite in line with the Swavalamban scheme.       Alternatively subscriber can withdraw pension corpus as per the guidelines prescribed by the Pension Fund Regulatory Development Authority(PFRDA).

The details of the scheme were explained to the Indian Ambassadors in ECR countries.

          This information was given by the Minister of Overseas Indian Affairs, Shri Vayalar Ravi in a written reply in the Rajya Sabha today.

****

PKM/DB


(Release ID :90091)

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