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Mahatma Gandhi Pravasi Suraksha Yojana

A pension and life insurance scheme by the Ministry of Overseas Indian Affairs for overseas Indian workers holding ECR passports.

OtherExisting Micro / MSME
Benefit
Non-monetary
Typical lead time
Phase
Benefits

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Official fee

₹0 — completely free

Enrollment under MGPSY is free. Annual subscription contributions are made directly by the subscriber and matched by government incentives.

Beware of lookalike portals

Verify authorized bank channels or Indian overseas missions for subscription payments. Do not pay unverified middle agents.

Only the "Apply on official portal" button above leads to the verified government site.

Highlights and Media

Audio Summary Guide

MGPSY Social Security Benefits Guide

Generated via NirmanKit AI Voice

0:001:25

This AI-generated podcast overview simplifies complex scheme documents. Refer below for official text.

Key Highlights

Pension Contribution Match

Government co-contributed ₹1,000 per annum (₹2,000 for female workers) towards pension savings.

Resettlement Savings

Special return and resettlement interest-bearing fund with ₹900 annual government co-contribution.

Life Insurance Cover

Includes free life insurance coverage of ₹1,00,000 against natural death during overseas employment.

Government Annual Co-contribution Incentives

Comparison of government matching outlays for male vs female ECR workers

Male Workers (Pension)

₹1,000 / year

Annual matching pension contribution credited directly to worker's NPS-Lite account.

Female Workers (Pension)

₹2,000 / year

Enhanced annual matching pension contribution to support overseas female workers.

Return & Resettlement Fund

₹900 / year

Universal resettlement co-contribution to help workers build capital for their return.

Who is eligible

  • Overseas Indian worker between 18-50 years holding ECR passport.

Eligibility rules · v1 · effective 1 January 2020

Who is not eligible

  • Eligible ECR passport holders can enroll via authorized bank channels or Indian overseas missions.

How to apply

  1. Open NPS-Lite/MGPSY Account

    Open a retirement savings account with an authorized point of presence (PoP) bank or Indian mission abroad.

    Typical duration · 5 days

  2. Deposit Contributions

    Deposit voluntary annual subscription amounts to unlock matching government incentives.

    Typical duration · 1 day

Sources

Additional Details

Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) was introduced as a voluntary social security scheme designed for overseas Indian workers holding Emigration Check Required (ECR) passports. The scheme offered integrated benefits covering retirement pension savings, return and resettlement savings to help transition back to India, and free life insurance coverage against death from natural causes. Supported by co-contributions from the government, it aimed to encourage savings and provide financial security to blue-collar workers working abroad.

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