Mahatma Gandhi Pravasi Suraksha Yojna

An estimated 5 Million semi-skilled and unskilled Indian nationals with ECR passports are working across 17 ECR countries. These workers are largely excluded from formal social security benefits.

Pravasi Bharatiya Bima Yojana (PBBY), is the only and compulsory insurance scheme available for these workers supported by Government.

• In January 2012, Ministry of Overseas Indian Affairs obtained cabinet approval on the scheme.
• The scheme was launched successfully on 1st May 2012 in Kerala at a pilot level.
• The scheme was made operational through a network of enrolment center on 21st July 2012 in Kerala.

What is ECR (Emigration Check Required)

ECR stands for Emigration check required. This is a stamp put on passport for people with below matriculation qualification. Under this category people are required to get emigration clearance from POE to enter any of the following countries for employment:

Scheme Partners

Benefits

• Pension in old age through investment in Pension Fund Regulatory and Development Authority (PFRDA) regulated NPS Lite.
• Savings for Return & resettlement (R and R) by investment in a SEBI regulated UTI MIS scheme
• Free Life Insurance cover against natural and accidental death during the period of coverage under Janashree Bima Yojana (JBY) of LIC

Government Co-contribution In MGPSY

• Rs 1,000 per annum per subscriber by the Ministry in line with Swavalamban platform for all the subscribers who save between
• Rs 1,000 and Rs 12,000 per year in their NPS-Lite account
• An additional co-contribution of Rs1,000 per annum by the Ministry for overseas Indian women workers who save between Rs 1,000 and Rs 12,000 per annum in NPS-Lite
• An annual co-contribution of upto Rs 900 by the Ministry to each eligible subscriber who save Rs 4000 or more per annum towards Return and Resettlement

Eligibility Criteria In MGPSY

• Indian Nationality.
• ECR  Stamped Passports.
• Age between 18 & 50 years.
• Emigrating or have already emigrated overseas on valid employment and contract Visa’s with necessary Protector of Emigrants (PoE) Clearance.