The Government has launched a scheme called ‘Mahatma Gandhi Pravasi
Suraksha Yojana’ (MGPSY) for Indian workers holding Emigration Check
Required (ECR) passports and a valid work permit in an ECR country. This
scheme encourages and enables Overseas Indian Workers to save for their
return and resettlement and to save for their old age by providing a
co-contribution from the Government. This also provides a free Life
Insurance Cover against natural death during the period of coverage,
under this scheme. However, there is no proposal to introduce a special
package for Indian workers returning to India from conflict-ridden
countries. There is also no plan to start a “Pravasi Bank” for Overseas
Indians by the Ministry.
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