(a) Whether the Union Government has mooted a proposal two years ago for
setting up a fund for providing security to the Indian workers returning from
foreign countries in distress;
(b) If so, the present status of the proposal;
(c) Whether the Union Government is contemplating to launch a scheme for
providing rehabilitation cost, insurance cover and pension benefits to NRI
workers; and
(d) If so, the details thereof including the financial implication of the scheme?
MINISTER OF OVERSEAS INDIAN AFFAIRS (SHRI VAYALAR RAVI)
(a)&(b) The matter is under the consideration of the Government.
(c)&(d) The proposed Pension and Life Insurance Fund (PLIF) scheme aims to encourage,
enable and assist Overseas Indian Migrant Workers to voluntarily save for their return,
their resettlement and their old age. The scheme will also provide a low-cost life insurance
cover against natural death to target beneficiaries. The estimated expenditure on the scheme
for 5 years is Rs.44.10 crore.