The Punjab government launched the Punjab Construction Worker Pension Scheme to offer benefits to the state’s construction laborers. The state government would pay a pension of Rs 5,000 a year as financial help to all registered construction workers in the state who attain the age of 60. In this article you get every necessary information regarding this scheme such as benefits, objective, eligibility criteria, required documents, overview and apply procedure.
Punjab Construction Worker Pension Scheme 2024
The government of Punjab took the initiative to create the Punjab Construction Worker Pension Scheme. The Punjab government is considering modifying the pension scheme for workers in buildings and other construction-related fields in order to improve coverage and rationalize the pension amount. According to the labor department, the welfare program should be changed to include three pension categories that are determined by how long employees were board-registered.
The program for the welfare of registered construction workers was created by the Building and Other Construction Workers Welfare Board. Encouraging construction workers and their families to live better is the Board’s goal. It makes sure that the workers are paid the benefits they are entitled to in a timely, transparent way straight into their bank accounts.
Overview Of Punjab Construction Worker Pension Scheme 2024
Objective Of Punjab Construction Worker Pension Scheme 2024
The main objective of this scheme is to offer pension benefits to state residents who are older than 60. The state’s building and construction workers will profit from this scheme and the suggested changes will be discussed at the board’s upcoming meeting. In addition, the scheme includes a family pension provision in the event that the recipient passes away. Official data indicates that almost half of the 12 lakh registered workers are in active employment.
Registration Of Employees is a Concern
A number of welfare programs, such as ex gratia in the event of death, financing for skill upgrades, money for their children’s schooling, funding for their daughter’s marriage, etc are administered by the board for construction workers. The board now has Rs.1,200 crore in cash on hand, which it earned by deducting 1% of state building costs from labor costs. The primary source of worry is the employee registration process. The plan makes no allowance for any form of publicity. The labor department has begun holding camps in an effort to increase awareness and enroll the workers.
Benefits Of Punjab Construction Worker Pension Scheme 2024
The benefits of this scheme is given below:
- In consideration of the risks that registered construction workers encounter on the job and the period of time required for registration after turning 60, the Board has decided to offer pensions at a minimum amount of Rs 5,000 a year to these workers.
- At 60 years of age, the government would provide a pension of Rs.1,000 per month to all state employees who have been registered with the board consistently for three years.
Eligibility Criteria Of Punjab Construction Worker Pension Scheme
The eligibility criteria of this scheme is given below:
- The applicant must live in punjab.
- The applicant must be registered construction workers.
Required Documents Of Punjab Construction Worker Pension Scheme
The required documents of this scheme is given below:
- Passport Size Photograph
- Aadhaar Card
- Identity Card
- Address Proof
- Email ID
- Mobile Number
Applying Procedure Of Punjab Construction Worker Pension Scheme 2024
- First you have to visit the Official Website of the scheme.
- The homepage will appear on your screen.
- Click on the Apply Online option.
- The application form will appear on your screen.
- Enter all the required details in the form.
- You have to upload all the necessary documents.
- Click on the submit button.
FAQ’s
What is the Construction Scheme of Punjab?
It’s a scheme to support Punjabi construction and building workers. They can benefit financially and in other ways from this strategy.
Who is eligible to participate in this scheme?
You can join if you are between the ages of 18 and 60 and have worked in building or construction in Punjab for at least 90 days in the previous year.
What is the official website of this scheme?
http://bocw.punjab.gov.in/bocwstatic/