For the first time in the country, Kerala government has launched a welfare fund board for the workers registered for the MGNREGS and the state’s urban job guarantee scheme — Ayyankali Urban Employment Guarantee Scheme.
The welfare fund board will have a chief executive officer, five official members and eight unofficial members as directors of the fund board.
This will facilitate the workers to get a monthly pension from the board on they turn 60.
This is the first time that a state government has formed a welfare fund board for MGNREGS workers.
In 2021, the state Assembly had passed a Bill pertaining to the formation of the board.
Any worker between the age of 18 and 55 can take the membership in the fund board.
They have to pay an amount as premium (Rs 50 tentatively fixed) every month until the age of 55.
Member who has paid the contribution for at least 10 years will be eligible for pension.