| Consider the following statements with regard to Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY). |
| 1. It is pension and life insurance fund scheme for blue-collar Indian workers. |
| 2. It will cover workers in Emigration clearance required countries. |
| 3. Government of the country where the worker is located will contribute a fixed amount of the workers account. |
| Which of the statements given above are correct? |
A) 1 and 2
B) 2 and 3
C) 1 and 3
D) All of these
Correct Answer: A
Solution :
[a] The contribution is by the Government of India and not the country where the worker is working. The main attractions of MGPSY is to contribution of Rs. 1000 per annum in line with Swavalamban platform for all MGPSY subscriber, which is same between Rs. 100 to 12000 per year in MPS life. A special government contribution of Rs. 900 by MOLA forwards Return and Resettlement (R & R) of the overseas Indian workers, who same Rs. 4000 or more per annum. So the Statement 3 is in incorrect An overseas Indian worker enrolled in this scheme would be provided with a free cost life insurance cover and applicable as long as they are working in Emigration Clearance Required (ECR) countries. So, the Statement 1 and 2 are correct.
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