Social Security

scheme for Women and

Old age People

Universal Declaration of Human Rights

Universal Declaration of Human Rights

I. Social Security

II. Social assistance

III. Social insurance

IV. Social protection

Social security

– In simple terms, the signatories agree that society in which a person lives should help them to develop and to make the most of all the advantages (culture, work, social welfare) which are offered to them in the country.

Social Security in India

THE MATERNITY BENEFIT ACT, 1961– The object of maternity leave and benefit is to

protect the dignity of motherhood by providing

for the full and healthy maintenance of women

and her child when she is not working.

Maternity Benefits Act, 12th december,1961

– Aim

– Regulates the employment of women for certain period before and after child-birth and provides for maternity and certain other benefits.

– Coverage

– Applies to mines, factories, circus industry, plantations and shops or establishment employing 10 or more persons including any such establishments belonging to Government except the employees who are covered under Employees State Insurance Act, 1948.

Jan-Dhan Se Jan Suraksha: Social Security for Citizens

– Pradhan Mantri Suraksha Bima Yojana (PMSBY)– PRADHAN MANTRI JEEVAN JYOTI BIMA YOJNA( PMJJBY)– Atal Pension Yojana (APY)

Atal Pension Yojana (APY)

Atal Pension Yojana is a government-backed pension scheme in India targeted at the unorganised sector.

– The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA) created by an Act of Parliament of India.

– Atal Pension Yojana (APY) is a Government of India Scheme administered by PFRDA through NPS.

SALIENTFEATURES– Under the APY, a fixed monthly pension ranging

between Rs. 1000 to Rs. 5000 for the subscribers, if he/she joins and contributes between the age of 18 years and 40 years, depending on their contributions.

• The benefit of fixed minimum pension is guaranteed by the GoI.

• GoI will also co-contribute 50% of the contribution amount or Rs.1000 per annum, whichever is lower.

ELIGIBILITY CRITERIA

– Any Citizen of India in unorganised sector .

– Age of joining 18 years - 40 years.

– Date of Birth Proof is mandatory.

– Aadhar No. to be preferred at the time of opening APY account.

– Valid mobile number mandatory

EXIT / WITHDRAWAL FROM APY

– On attaining the age of 60 years: The exit from APY is permitted at the age with 100% annuitisation of pension wealth. On exit, pension would be available to the subscriber.

– In case of death of the Subscriber due to any cause would be available to the spouse and on the death of both of them (subscriber & spouse), the pension corpus would be returned to his nominee.