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English Release 19-December 2014
Date Month Year
  • Prime Minister's Office
  • Text of PM's statement in the Lok Sabha on the granting of bail to 26/11 accused, Zaki-ur-Rehman Lakhvi, in Pakistan
  • PM conveys best wishes to people of Goa, on Goa Liberation Day
  • PM condoles the passing away of eminent Gandhian Shri Chunibhai Vaidya
  • Min of Agriculture
  • Avian Influenza at Sukhna Lake Chandigarh
  • Min of Commerce & Industry
  • Awareness About Filing Patents
  • Area Norms Under NIMZs
  • Compulsory Licensing on Patented Drugs
  • Min of Defence
  • Chairman COSC & CAS Air Chief Marshal Arup Raha leaves for a two day visit to Mumbai
  • Min of Environment and Forests
  • Report of the High Level Committee headed by Shri T.S.R. Subramanian to review various Acts administered by Ministry of Environment, Forest & Climate Change
  • Ministry of Finance
  • 7th India-China Financial Dialogue held Today
  • Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
  • Min of Health and Family Welfare
  • Initiatives taken to Reduce Malnutrition
  • Ingredients in Soft Drinks
  • Indian Medical Students in Ukraine
  • Institutes of Aging and Advanced Nursing
  • Medical Entrance Test
  • Quality and Safety of Generic Drugs
  • Treatment to Road Accident Victims and Women in Labour
  • Funds for AYUSH Facilities
  • Utilization of Imprest Money by Hospitals
  • Assistance by USA for Mothers and Newly Born Children
  • Diagnosis of Thalassemia, Sickle Cell and Haemophilia
  • CGHS Wellness Centres
  • OncoNet Project for Cancer Treatment
  • Online Services for Patients
  • Cancer Care Facilities
  • Min of Home Affairs
  • Union Home Minister says India and Mongolia need increased cooperation to prevent transnational crimes
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 58.22 per bbl on 18.12.2014
  • Min of Urban Development
  • Inauguration of Sarita Vihar Underpass in Delhi by the Union Urban Development Minister
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on December 18, 2014
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Sporty India

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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