Govt plans all social security for workers

Govt plans all social security for workers

Govt plans all social security for workers

The Union government planned a social security scheme to give universal social security coverage for the poorest 20% people of the country.

  • As a compulsory scheme, the government is expected to implement it from the next year.
  • The INR 1.2 lakh crore all social security for workers is the part of a bigger scheme, which was planned for all individuals.
  • With the increasing of the population, every year, around 10 million people include in India‚Äôs manpower but they are not getting even the minimum wage.
  • Moreover, they have also not any kind of social security coverage.
  • Such things are happening mostly in the unorganized sector.
  • The mandatory pension, insurance (both death and disability) and maternity coverage have been provided under this scheme.
  • Furthermore, under the scheme, there are also the provisions of the optional medical, sickness and unemployment coverage.
  • The funding the scheme will be a challenge for the government.
  • In order to implement the scheme, a proposal will be submitted to the Ministry of Finance.

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