Government of Haryana notifies the Mukhya Mantri Parivar Samridhi Yojana Scheme

Feb 11, 2020 | by Avantis RegTech Legal Research Team

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Labour Compliance

The State Government of Haryana on February 06, 2020 notifies the Mukhya Mantri Parivar Samridhi Yojana (MMPSY) Scheme.

Under MMPSY Scheme all eligible families will be provided financial and social security, covering families in possession of land upto 5 acres (i.e. 2 hectares) and having family income from all sources less than or equal to Rs. 1.80 lakh per annum. Under the scheme Rs. 6000/- per annum will be provided to each beneficiary family including in the form of insurance premium for life, accident and crop, pension contribution and the balance amount if any, in cash or investment in Family Provident Fund as the beneficiary may opt.

The Objective of the Scheme is to provide social and financial security in terms of life / accident / crop insurance cover, pensionary benefits etc. to eligible individual families of the State.

Ø  This Scheme will be open for families having family income from all sources less than or equal to Rs. 1.80 lakh per annum and a total land holding of the family less than or equal to 5 acres (i.e. 2 hectares) and

Ø  having a family ID/Parivar Pehchan Patra (PPP) Number.

Each beneficiary under the MMPSY scheme will be benefited through 6 different schemes providing insurance and pension to the beneficiaries and cash/family provident fund. The MMPSY covers the following insurance and pension schemes:

(i)         Insurance Schemes: Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY); Pradhan Mantri Suraksha Bima Yojna (PMSBY); Pradhan Mantri Fasal Bima Yojna (PMFBY)

(ii)              Pension Schemes

(iii)            Cash/Family Provident Fund

[Notification No. TA-HR(DMC)/2020/1768]


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