(LiveMint)
The Union government will enrol around 150 million workers over the next three years under its flagship pension scheme Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), bringing more informal sector workers under the social security net.
Labour secretary Hiralal Samariya said the pension scheme will benefit a large pool of people who earn less, but form a large part of the labour market. The secretary said a sizable portion of beneficiaries will be construction workers. The National Democratic Alliance (NDA) government is targeting the bottom of the pyramid through various policy interventions, realising that they are a significant political constituency.
