Saturday, April 17, 2021
Home News Reports India takes a big step towards dignity of labour via an extensive social security...

India takes a big step towards dignity of labour via an extensive social security scheme for 50 crore workers

In what might be a huge step towards ensuring social security for millions of India workers, the Labour Ministry has proposed an extensive scheme to provide benefits pertaining to retirement, health, old age, disability, unemployment and maternity, to about 50 crore Indian workers.

As reported by the Economic Times, this ambitious scheme will be implemented in three stages, with the first stage costing a whopping Rs 18,500 crores. Under the first stage, workers would get spartan benefits pertaining to health and retirement. The unemployment benefits would be added in the second stage and other schemes would be added in the third phase.

The beneficiaries of this scheme are mainly divided into four tiers. The first tier will comprise of people below the poverty line, all the scheme’s expenses for whom will be funded by the government. The fuel for driving this funding would be generated via the funds under National Stabilisation Fund and “Building and Construction Worker Cess”.

The second tier would be made up of workers belonging to the unorganised sector, who aren’t self-sufficient but have some contributory power. In the third tier, the workforce would be comprised of those who would contribute to the scheme themselves or with the help of their employers. The final tier would see people of some affluence who will contribute out of their own pocket.

While the whole success or failure of this ambitious social security exercise rests on the implementation, this announcement comes merely a month after Finance Minister Arun Jaitley announced another humongous welfare scheme in the form of National Health Protection Scheme (NHPS).

Under this scheme, initially, 10 crore poor and vulnerable families are expected to be provided about Rs 5 lakh per year, to go towards medical costs. Expected to benefit about 50 crore people, which turns out to be about 40% of the Indian population, this program is being pegged as the “world’s largest government-funded health protection scheme”.

So in the coming years, the Central government would have not one but two new extensive welfare schemes to worry about. But if the proposed social security scheme somehow manages to click, it could see itself becoming a huge fore in ensuring the dignity of labour for countless of marginal labourers, who would then, up to a certain extent, would enjoy the same benefits as those having cushy jobs.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

TMC’s Derek O’Brien opposes EC’s Covid campaign restrictions, says new rules very suitable to ‘Lutyens bungalow’ residents

TMC leader Derek O'Brien criticized the Election Commission's new Covid restrictions in a press conference today.

EC extends election campaign ban before polls in West Bengal to 72 hours, no campaigning allowed after 7 PM

In view of the worsening Covid-19 crisis in the country, the Election Commission has extended restrictions on campaigning for polls

BLM co-founder attempts to defend herself from criticism over buying property worth over million dollars, netizens point out Marxist hypocrisy

BLM co-founder Patrisse Khan-Cullors has been heavily criticised recently for buying a series of properties worth millions

Shekhar Gupta’s ThePrint accuses the centre of issuing diktats to states on COVID-19, which is far from the truth

ThePrint ignores that apart from the initial nationwide lockdown, centre has given every flexibility to states on the ward against COVID-19

Rally of dead bodies, threats against CRPF, lying and scaring with ‘detention camps’ so people don’t vote: What viral audio of Mamata Banerjee means

Mamata Banerjee was heard telling TMC worker Partha Pratim Roy to organise a political rally with the dead bodies to stir public sympathy

US intelligence backtracks on Russian bounty claims, here is how media ran unfounded stories to damage Trump’s re-election bid

A June 2020 article in NYT had claimed that Russia is offering money to Taliban-linked terrorists to kill US soldiers, a claim that has now been discredited.

Recently Popular

Karan Johar’s Dharma Production fires Kartik Aryan, not to work with him again: Here is what happened

Dharma Productions said it was pushed to the wall by “unprofessional behaviour” of Kartik Aryan during shooting of Dostana 2

Aaj Tak to air public apology on 23rd April for sharing fake news on Sushant Singh Rajput, pay Rs 1 lac fine: Details

Aaj Tak has been asked by the NBSA (News Broadcasting Standard Authority) to air a public apology for fake news on Sushant Singh Rajput

Andhra Pradesh man hacks family of six including two children to avenge the rape of his daughter: Details

Andhra Pradesh police confirmed that the incident was a fall out of a old feud between the accused and the victim family

Derek O’Brien’s Clubhouse interaction exposes how TMC fears the prospect of loss in West Bengal: Three statements made and what they mean

Perhaps to fire-fight what Prashant Kishor said, Derek O'Brien appeared on Clubhouse for a short interaction with select 'liberals'.

Rally of dead bodies, threats against CRPF, lying and scaring with ‘detention camps’ so people don’t vote: What viral audio of Mamata Banerjee means

Mamata Banerjee was heard telling TMC worker Partha Pratim Roy to organise a political rally with the dead bodies to stir public sympathy

Exclusive: How Maharashtra wasted thousands of tonnes of pulses, in the middle of the pandemic, sent under PM Garib Kalyan Yojana

While the central govt gave their approval to the other states to utilise the left-over pulses, Maharashtra was left behind - Here is why
- Advertisement -

 

Connect with us

254,077FansLike
529,611FollowersFollow
24,200SubscribersSubscribe