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English Release 24-November 2014
Date Month Year
  • President's Secretariat
  • President of India to visit Karnataka and Maharashtra on November 25 and 26
  • President of India condoles the passing away of Murli Deora
  • Prime Minister's Office
  • Mr. Yohei Sasakawa calls on PM
  • Shri Ajit Doval, NSA, appointed as the Special Representative of India to conduct boundary negotiations and strategic consultations with China
  • English Rendering of PM’s statement to media outside Parliament House
  • PM's statement to media outside Parliament House
  • PM expresses sadness on the passing of Shri Murli Deora
  • Election Commission
  • Bangladesh MPs visit Election Commission Impressed by Indian Electronic Voting Machine
  • Facts at A Glance- Jharkhand
  • Min for Develop. of North-East Region
  • Promotion and Use of Hindi in the North East Region Development Programmes is Important Step in Mainstreaming North East to the Nation: Dr. Jitendra Singh
  • Min of Chemicals and Fertilizers
  • Felicitation to Indian Blind Cricket Team to South Africa by Union Ministers Shri Ananth Kumar & Shri Sarbanand Sonowal
  • Min of Defence
  • Avia Indra Joint Indo-Russia Exercise Enters Operational Phase
  • Go Green Drive by Cadets on The EVE of NCC Day
  • Min of Earth Science
  • Letter of Intent Between ESSO-MOES and UNESCO for Cooperation in the Field of Reducing Disaster Risks and Capacity Building in Earth Sciences Signed
  • Ministry of Finance
  • Quarterly Report on Public Debt Management for the Quarter July to September 2014 Released;
  • Auction for Sale (Re-Issue) of Government Stocks
  • Min of Health and Family Welfare
  • India and Sweden celebrate 5 years of bilateral collaboration in healthcare
  • Min of Human Resource Development
  • DG, UNESCO, Ms. Irina Bokova meets the Union Minister of Human Resource Development, Smt. Smriti Irani
  • Min of Information & Broadcasting
  • ‘Vithya’, ‘Womb on Rent’ and ‘A Rainy Day’ Discussed on IFFI Platform
  • Ms. Loreto Aravena of ‘I am not Lorena’ Meets the Press at 45th IFFI
  • Iffi 2014’s New Initiative ‘Talkathon@IFFI’ CONNECTS Virtual World with the Festival
  • Literature and News-Itemsboth are Likely to form Baseline for Cinema
  • ‘KILLA’ - A Realistic Fiction on Childhood Nostalgia
  • Min of Parliamentary Affairs
  • Shri M.Venkaiah Naidu condoles death of Shri Murli Deora
  • Min of Personnel, Public Grievances & Pensions
  • Combined Defence Services Examination (I), 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 77.39 per bbl on 21.11.2014
  • Ministry of Railways
  • INDO-FRENCH Seminar on Rail Sector Inaugurated
  • Min of Road Transport & Highways
  • Minister Flags off Delhi-Kathmandu-Delhi Bus Service on November 25
  • Min of Social Justice & Empowerment
  • ICT Can Help Government Empower PwDs and Lead to their Inclusion- Says Minister for Social Justice & Empowerment
  • Min of Urban Development
  • UNESCO lauds Heritage City Development Programme (HRIDAY)
  • Ministry of Water Resources
  • Storage Status of 85 Important Reservoirs of the Country as on November 20, 2014
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Felicitation for Indian Team for Blind Cricket

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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