Ministry of Labour and Employment Current Affairs - 2019
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The Union Minister of Human Resources and Development Prakash Javadekar launched the Scheme for Higher Education Youth in Apprenticeship and Skills (SHREYAS) programme to provide industry-specific apprenticeship opportunities to fresh graduates.
- SHREYAS is a programme basket comprising of three initiatives of the HRD, Ministry of Skill Development and Entrepreneurship, and the Ministry of Labour and Employment.
- SHREYAS focussed towards students primarily from non-technical courses will introduce employable skills into their learning, promote apprenticeship as integral to education and also amalgamate employment facilitating efforts of the government into the education system.
- SHREYAS will provide a platform wherein educational institutions and industry would log in and provide their respective demand and supply of apprenticeship.
- The programme promotes apprenticeship as an important part of education and integrates the government’s employment building efforts into the education system.
- These apprenticeship courses will be available to them from academic year April-May, 2019.
SHREYAS is a major effort in the direction to make degree students more skilled, capable, employable and aligned to the needs of our economy so that they contribute to country’s progress and also obtain gainful employment.
Tags: Apprenticeship Training • Ministry of Human Resource and Development • Ministry of Labour and Employment • Ministry of Skill Development and Entrepreneurship • Scheme for Higher Education Youth in Apprenticeship and Skills • SHREYAS • Union Minister of Human Resources and Development
The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) announced in the interim budget 2019 has been notified by the Ministry of Labour and Employment.
Features of the PM-SYM
PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis where prescribed age-specific contribution shall be made by the beneficiary and the matching contribution by the Central Government. The salient features of the PM-SYM are:
- Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
- If the subscriber dies during the period of receipt of the pension, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as a family pension.
- If the beneficiary had 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.
- The subscriber must not be a taxpayer.
The scheme is expected to benefit as many as 42 crore workers are estimated to be engaged in the unorganized sector of the country whose monthly income is Rs 15,000/ per month or less and belong to the entry age group of 18-40 years who are not be covered under New Pension Scheme (NPS), Employees’ State Insurance Corporation (ESIC) scheme or Employees’ Provident Fund Organisation (EPFO).
Tags: Employees' State Insurance Corporation • Employees’ Provident Fund Organisation • EPFO • ESIC scheme • family pension • interim Budget 2019 • Ministry of Labour and Employment • New Pension Scheme (NPS) • Pension Scheme • PM- SYM • Pradhan Mantri Shram Yogi Maan-Dhan • unorganized sector