September 26, 2010 8:23 PM

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Finance Minister launches new pension scheme for unorganised sector

Union Finance Minister Pranab Mukherjee today launched a new pension scheme for workers in the unorganised sector. After unveiling the programme at a function in Jangipur in Murshidabad district of West Bengal, he said, the scheme will help those who are not covered under any social security scheme.Under the scheme named 'Swabalamban', the subscribers would get 1,000 rupees from the government each year for a subscription amount of 12,000 rupees per year. According to the scheme, a subscriber can enter it at the age of 18 years and will be eligible for pension after attaining 60 years. The Finance Minister had already allocated 100 crore rupees for this scheme in the budget for 2010-11.

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