A revised Pension scheme is on the anvil to provide life long social security cover to the workers of unorganised sector across the country. Top official sources said that the scheme provides for a pension of one thousand rupees a month after retirement from work. <br/><br/>The Secretary Banking Mr. R. Gopalan has started discussions with the Insurance Regulatory Development Authority, Life Insurance Corporation and Pension Regulatory Authority Fund for implementing the scheme. <br/><br/>Sources said that the finer details of the scheme are likely to be finalised by the middle of next month and it's continuation will depend on the response to it. Initially the scheme will be in operation for three years. <br/><br/>According to the details available a worker will have to contribute 100 rupees a month for 20 years to become eligible for drawing the pension after he attains 60 years of age. <br/><br/>The Centre will put one thousand crore rupees for the scheme for the first three years as part of the government's commitment to provide social security to the vulnerable sections of society. The scheme proposed to be named Swavalamban is likely to be rolled out in July this year. <br/><br/>Our correspondent reports that the pension scheme is the revised version of the scheme launched on 1st of May last year for the age group of 18 to 55 years who are not part of any scheme providing social security.<br/>