Interim Budget: Cows Get a Commission, Rs 750 Cr; Informal Workers Get Only Rs 500 Cr
"Half of India's GDP comes from the sweat and toil of 42 crore workers in the unorganised sector..," said the finance minister not long after allocating more money towards cows.
The government Friday announced a new scheme to provide unorganised workers with up to Rs 15,000 monthly income an assured pension of Rs 3,000 per month after 60 years of age.
Presenting the Interim Budget 2019-20 in the Lok Sabha, Finance Minister Piyush Goyal said, “Half of India’s GDP comes from the sweat and toil of 42 crore workers in the unorganised sector working as street vendors, rickshaw pullers, construction workers… and in numerous other similar occupations. Domestic workers are also engaged in big numbers. We must provide them comprehensive social security coverage for their old age”.
According to the scheme, an unorganised sector worker joining the pension scheme at the age of 29 years will have to contribute only Rs 100 per month till the age of 60 years.
However, the government’s contribution towards this would be Rs 500 crore for the next year, he announced.
The meagre amount allocated to those who informal workers is particularly shocking in light of the fact that the government has allocated Rs 750 crore towards setting up the Rashtriya Kamdhenu Aayog (National Cow Commission) to enhance productivity of cows.
(With PTI inputs)