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English Release 28-November 2014
Date Month Year
  • Min of Comm. & Information Technology
  • Cyber Security Violations
  • Ministry of Finance
  • India Signs Agreement with ADB for a Loan of Us $100 Million to Support Kerala’s Additional Skill Acquisition Program; 2,35,000 Needy Students in Kerala to be Benefited under the Program during 2014-2018
  • Min of Health and Family Welfare
  • Healthcare Services in North-Eastern Region
  • Essential Drugs
  • Allocation of Funds Under NRHM
  • Financial Assistance for Health Sectors in the Country
  • Ban on Testing of Cosmetics on Animals
  • Funds Allocation for Strengthening Health Care System Under National Health Mission
  • Steps taken to Curb Adulteration in Food Items
  • Steps Taken to Modernise CGHS Centres
  • Decline in Death due to Rabies
  • Taxation on Beedis and Cigarettes
  • Setting up new AIIMS like Institutes under PMSSY
  • Universal Immunization Programme
  • Upgradation of Medical Colleges Under PMSSY
  • Min of Petroleum & Natural Gas
  • MOU between India and Mozambique on cooperation in the field of Oil and Gas
  • Global crude oil price of Indian Basket was US$ 72.51 per bbl on 27.11.2014
  • Ministry of Railways
  • Round the Clock All India Security Helpline ‘1800-111-322’ for Train Passengers is Operational
  • Railways allow PPP in Computerized Passenger Reservation System
  • 3289 Coaches Manufactured by Railway Production Units during 2013-14
  • Religious Circuit Trains to Connect more Pilgrimage Places
  • Min of Tribal Affairs
  • Committee on Condition of Tribals
  • Min of Urban Development
  • Do smart cities protect interests of children?
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on November 27, 2014

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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