📰 News ⏱ 2 min

Why Is India Adding More People to Its Money‑Safety Programs? 🤔

India has increased its social safety net to protect over one billion people.

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Key Points

5 points

Social protection coverage rose from 19% in 2015 to 68.4% in 2026.

The mandatory wage limit grew from 15,000 rupees to 25,000 rupees per month.

An estimated 5.1 million additional employees will now be covered by the Employees' Provident Fund Organisation.

Simplified withdrawal rules allow up to 75% of savings to be taken for essential needs.

Digital services like the Universal Account Number portal make it easier to manage accounts.

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The wage ceiling for mandatory savings was raised, letting more workers join the Employees' Provident Fund Organisation.

Digital tools now let workers apply for money for education, housing, or emergencies online.

New schemes such as the Electronic Shram portal and Prime Minister's Shram Yogi Maandhan reach workers without regular jobs.

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8 words

Employees' Provident Fund Organisation

government group that helps workers save money for retirement

mandatory

required by law

withdrawal

taking money out of a savings account

essential needs

important things like school fees, medical care, or marriage costs

electronic

using computers or the internet

Universal Account Number

a special number that links all of a worker's savings accounts

scheme

a plan or program

coverage

who is included in a program

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