Rajasthan Mukhyamantri Vishwakarma Pension Yojana 2024

In a significant move towards the welfare of laborers and street vendors in Rajasthan, Finance Minister Diya Kumari presented the state’s budget on February 8, 2024, under the leadership of Chief Minister Bhajan Lal. This budget marks the presentation of the financial budget in Rajasthan after nearly 22 years. Notably, it includes special announcements for the youth, farmers, women, and the elderly.

The Launch of Mukhyamantri Vishwakarma Pension Yojana

• The Rajasthan government announced a special scheme for laborers and street vendors, named the Mukhyamantri Vishwakarma Pension Yojana.
• Under this scheme, eligible workers aged 60 or above will receive a monthly pension of Rs. 2,000.
• This pension aims to assist street vendors in meeting their daily needs without relying on others.

Benefits of the Scheme

• The primary objective of launching the Mukhyamantri Vishwakarma Pension Yojana is to ensure the welfare of laborers and street vendors in Rajasthan.
• Upon reaching the age of 60, eligible individuals will receive a monthly pension of Rs. 2,000, providing them with economic assistance during their old age.
• The scheme aims to empower laborers and street vendors to lead a dignified life independently.
• The Rajasthan government has allocated a budget of approximately Rs. 350 crores for the successful implementation of this scheme.

Premium Payments and Budget Allocation

• Under the scheme, workers and street vendors aged 60 or above are required to open a bank account in their name and pay a monthly premium ranging from Rs. 60 to Rs. 100.
• Only after fulfilling this premium payment obligation, individuals will be eligible to receive the monthly pension.
• Additionally, the Rajasthan government will deposit Rs. 400 per month into the premium account of each beneficiary.

Empowering Laborers and Street Vendors

• The Mukhyamantri Vishwakarma Pension Yojana marks a significant initiative by the Rajasthan government towards the welfare of laborers and street vendors.
• With a budget allocation of Rs. 350 crores, the scheme aims to alleviate economic challenges faced by workers in their old age.
• By providing a monthly pension of Rs. 2,000, the scheme ensures financial stability and self-reliance among beneficiaries, thereby transforming their lives positively.