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.
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