The Pravasi Pension Scheme is a social security initiative designed specifically for Non-Resident Keralites (NRKs). It is a voluntary contributory scheme that aims to provide financial support to NRKs upon their retirement. The scheme is managed by the Kerala Pravasi Welfare Board.
The scheme offers a monthly pension to eligible NRKs aged 60 and above who have made regular contributions to the fund. It is intended to supplement the retirement income of NRKs and provide a measure of financial security in their later years.
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The Kerala Pravasi Welfare Board offers a variety of schemes to address various needs of Non-Resident Keralites (NRKs). Different schemes for specific challenges faced by NRKs, such as financial assistance for medical emergencies, education, housing, and retirement.
The table below presents the various schemes provided under the Pravasi Welfare Fund (Pravasi Kshemanidhi).
Schemes | Details |
---|---|
Pravasi Family Pension Scheme | Upon a member's death, the nominee receives a pension. Amount varies by member category. |
Payment scheme for medical aid | Members with critical illness get Rs 50,000 if they don't avail any other government benefits. |
Financial assistance for marriage | Members contributing for at least 3 years can receive up to Rs 10,000 twice for daughters' marriages. Only one family member can claim this benefit per marriage. |
Financial assistance for maternity | Female members contributing for 2+ consecutive years can seek financial aid for maternity or abortion costs. |
Pension scheme for invalids | Members contributing for 3+ years who stop due to disability may receive an invalid pension. A doctor's certificate proving inability is required. |
Housing loan pension scheme | Members contributing for 5+ consecutive years can apply for housing loans to build, buy, or renovate homes or purchase land. |
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The Pravasi Pension Scheme aims to provide a financial safety net for Keralites who have migrated abroad for employment and intend to return to their home state during retirement.
The table below shows the features of the Pravasi Pension Scheme.
Feature | Description |
---|---|
Target Beneficiaries | Non-Resident Keralites (NRKs) |
Type | Voluntary contributory |
Objective | Provide financial support during retirement |
Managing Body | Kerala Pravasi Welfare Board |
Eligibility | Age 60 and above, with regular contributions |
Minimum Pension | Rs. 2,000 per month |
Pension Increment | 3% increase after 5 consecutive years of contribution (up to Rs. 4,000) |
Minimum Contribution Period | 5 years |
Contribution Amount | Varies based on residency (higher for NRKs abroad) |
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Registration category is a crucial aspect of the PPS under which an individual can enroll. This categorization is based on various factors such as the applicant's age, occupation, and duration of stay abroad.
Category | Description |
---|---|
1A | Currently employed abroad |
1B | Returned to Kerala after at least two years of foreign employment |
2A | Employed in a state other than Kerala within India |
To be eligible for the Pravasi Pension Scheme, you must meet the following criteria:
Note: The key point is that if you have returned to India, you must have returned to Kerala to be eligible for the Pravasi Pension Scheme.
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The exact documents required for the Pravasi Pension Scheme might vary slightly based on your specific category (1A, 1B, or 2A). However, the general documents required to apply for Pravasi Pension Scheme might include:
Here are the steps to register for the scheme, ensuring that potential participants can apply for the Pravasi Pension Scheme with ease.
You can easily open a post office savings account by visiting one that is closest to you, here are the steps you can follow:
You can also check other related pension schemes from below:
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The Pravasi pension in Kerala is Rs. 2,000 per month. However, those contributing for more than 5 years get an additional 3% of the minimum pension amount.
Register for the Pravasi Pension scheme before 60, and contribute regularly for at least 5 years. Pension starts at 60.
Visit the Pravasi Kerala website, log in using a mobile number or email ID, and check the application status using the application or passport number.
Visit the official Kerala Pravasi Welfare Board website, select 'Service' then 'Online Apply'. Choose the registration category (1A, 1B, or 2A) and follow the prompts to fill an application, upload documents, and submit.
The maximum pension in Kerala is Rs. 83,400 for government employees, calculated as 50% of the highest pay scale. For university employees, it's Rs. 11,485.
Norka Kerala offers the Pravasi Pension Scheme for NRKs above 60. The minimum pension is Rs. 2000 per month, increasing with longer contribution periods.
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