Unorganised sector Current Affairs - 2020

Atal Pension Yojana completes 5 years

The “Atal Pension Yojana” launched on May 9, 2015, has completed 5 years of its implementation. The total enrollment under the scheme as on May 9, 2020 was 2,23,54,028.

Highlights

During the first two years of the launch of the initiative, there were 50 lakh subscribers. In the third year, the numbers doubled with 100 lakh subscribers. In the third year, the numbers increased to 100 lakhs. The milestone of 1.5 crores enrollment was achieved in the fourth year.

Features of the Scheme

The Scheme can be subscribed by any Indian citizen of age 18 to 40 years. Upon enrollment, the scheme provides a minimum guaranteed pension of Rs 1000 to Rs 5000 on attaining 60 years of age. Also, when the pensioner dies, it amounts to guaranteed pension for lifetime to the spouse. In case of death of the both the subscriber and spouse, a nominee shall claim the amount.

About the scheme

The scheme was replaced with Swavalamban Yojana. It was established to provide old age income security to the unorganized sector. It was launched by PM Modi in 2015 at Kolkata.

The scheme is implemented by PFRDA (Pension Fund Regulatory and Development Authority) operating under Ministry of Finance.

3 Schemes launched by Jharkhand to increase MNREGA working days

On May 5, 2020, the Jharkhand Government launched three schemes to increase working hours of MNREGA workers. The schemes will help generate more than 25 crore man days and help workers earn more wages.

The Schemes

The schemes were launched by the Jharkhand CM Hemant Soren. The schemes are as follows

  • Birsa Harit Gram Yojana
  • Nilamber-Pitamber Jal Samridhi Yojana
  • Veer Shahid Poto Ho Khel Vikas Yojana

The State Rural Development Department has set target of generating 25 crore man days with an allocated amount of Rs 20,000 crores. The completion of work period under the scheme is three years.

Birsa Harit Gram Yojana

Under the scheme, fruit bearing plantations are to be planted on either side of the roads. This will help the villagers earn an annual income of Rs 50,000 after three years. Meanwhile, during the plantation and growing phase, the MNREGA would support them.

Nilamber-Pitamber Jal Samridhi Yojana

The aim of the scheme is to increase ground water. It intends to create 5 lakh crore litres of ground water reserve. This will help in cultivation of waste lands.

Veer Shahid Poto Ho Khel Vikas Yojana

Under the scheme, playgorunds at panchayat levels are to be constructed to promote sports and reserve jobs under sports quota.

Why MNREGA?

With the migrants returning to their home, the population in the rural areas has exploded. And, so did unemployment among rural labourers. Of the overall migrated population, majority were from unorganized sector. Therefore, the GoI under its Pradhan Mantri Garib Kalyan Ann yojana increased MNREGA wages from Rs 182 to Rs 202.

The state schemes, therefore, will help in rural development.