E-shram portal

  • October 17, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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E-shram portal

Subject – Economy

Context – E-shram portal for unorganised sector to be linked to 3 welfare schemes by year-end

Concept –

  • After launching the first-ever national database of unorganised workers, the labour ministry is now looking at linking welfare schemes with the e-Shram portal to ensure the workers are able to claim benefits with the click of a mouse.
  • The first scheme that the ministry will be linking with the portal is the Pradhan Mantri Suraksha BimaYojana, which will be done in the next fortnight.
    • This scheme provides aRs 2 lakh accidental insurance cover to the family of the insured.
    • In the event of accidental death of an unorganised sector worker, his family can log on to the online portal and claim the insurance, after uploading proof of their identity. They won’t have to run around.
    • The idea is to make the whole process smooth and hassle-free to claim benefits.
  • Earlier, as an incentive to register on the e-Shram portal, the labour ministry had decided to waive the annual Rs 12 premium on the accidental insurance cover scheme.
  • By the year end, the government also plans to link two other schemes — PM Shram Yogi Maandhan and PM JeevanJyotiBimaYojana — with the portal.
    • Under the PM Shram Yogi Maandhan, unorganised sector workers with a monthly income of up to Rs 15,000 are entitled to an assured pension of Rs 3,000 after they retire.
    • The PM JeevanJyotiBimaYojanapromises Rs 2 lakh risk coverage in case of death of an insured worker due to any reason. The premium is Rs 330 per annum under the scheme, which is auto debited in one installment from the subscriber’s bank account.
  • Once these schemes are linked, registered workers will be able to log into the portal and apply for online transfer of funds, eliminating the need to run from pillar to post.
  • These three schemes put together will give the workers some amount of social security.

To know more about E-Shram Portal, please click here.

Pradhan Mantri Suraksha BimaYojana (PMSBY)

  • Pradhan Mantri Suraksha BimaYojana is a government scheme launched in 2015.
  • Eligibility: Available to people in age group 18 to 70 years with bank account.
  • Premium: Rs 12 per annum.
  • Payment Mode: The annual premium will get directly auto-debited by the bank from the subscriber’s account.
  • Risk Coverage: For accidental death and full disability – Rs 2 Lakh and for partial disability – Rs 1 Lakh.
  • Eligibility: Any person with bank a bank account and Aadhaar number linked to the bank account can apply by just submitting the form to the bank every year before 1st of June. Nominee name to be given in the form at the time of applying.
  • Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing in which case his account will be auto-debited every year by the bank.
  • Who will implement this Scheme: The scheme will be offered by all Public Sector General Insurance Companies and all other insurers who are willing to join the scheme and tie-up with banks for this purpose.
  • The premium paid will be tax-free under section 80C and also the proceeds amount will get tax-exemption u/s 10(10D).But if the proceeds from insurance policy exceed Rs.1 lakh , TDS at the rate of 2% from the total proceeds if no Form 15G or Form 15H is submitted to the insurer.

PM JeevanJyotiBimaYojana

  • Eligibility – Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.
  • Premium – Rs.330 per annum. It will be auto-debited in one instalment.
  • Payment Mode – The payment of premium will be directly auto-debited by the bank from the subscribers account.
  • Risk Coverage – Rs.2 Lakh in case of death for any reason.
  • Terms of Risk Coverage – A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.
  • Who will implement this Scheme? – The scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie-up with banks for this purpose.
  • Government Contribution
    • Various other Ministries can co-contribute premium for various categories of their beneficiaries out of their budget or out of Public Welfare Fund created in this budget out of unclaimed money. This will be decided separately during the year.
    • Common Publicity Expenditure will be borne by Government.

PM Shram Yogi Maandhan

  • Pradhan Mantri Shram Yogi Maan-dhan is a central government scheme meant for old age protection and social security of Unorganised Workers (UW).
  • Eligibility Criteria
    • Should be an unorganised worker (UW)
    • Entry age between 18 and 40 years
    • Monthly Income Rs 15000 or below
  • Should not be
    • engaged in Organized Sector (membership of EPF/NPS/ESIC)
    • an income tax payer
    • covered under New Pension Scheme (NPS), Employees’ State Insurance Corporation (ESIC) scheme or Employees’ Provident Fund Organisation (EPFO).
  • He/ She should possess
    • Aadhar card
    • Savings Bank Account / Jan Dhan account number with IFSC.
  • PM-SYM is a Central Sector Scheme administered by the Ministry of Labour and Employment and implemented through Life Insurance Corporation of India and Community Service Centers (CSCs). LIC will be the Pension Fund Manager and responsible for Pension pay out.
  • Minimum Assured Pension: Each subscriber shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
  • Family Pension: During the receipt of pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse.
  • If a beneficiary has given regular contribution and died due to any cause (before age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution or exit the scheme as per provisions of exit and withdrawal.
  • Contribution: The subscriber’s contributions shall be made through ‘auto-debit’ facility from his/ her savings bank account/ Jan- Dhan account.
  • PM-SYM functions on a 50:50 basis where prescribed age-specific contribution shall be made by the beneficiary and the matching contribution by the Central Government.
E-Shram Portal economy