Which of the following initiatives was announced by the Union Labour and Employment Minister in March 2022 under the Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) scheme?
Show answer & explanation
Correct answer: A
Explanation
The Correct answer is option 1 i.e. Donate-a-Pension.
The Union Ministry of Labour and Employment launched the 'Donate-a-Pension' initiative under the Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) scheme. This program encourages Public Sector Undertakings (PSUs) and government departments to contribute towards providing pension coverage for unorganised sector workers. The initiative aims to enhance the reach of the PM-SYM scheme, ensuring that informal workers receive financial security in their old age. Despite its launch, the program received limited participation initially, with only 336 contributions recorded by August 2023.