Mahatma Gandhi Suraksha Yojana

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.