All you need to know about Pravasi Pension Scheme

The Kerala State Government has introduced the PPS, Pravasi Pension Scheme in April 2018 to help middle and lower-income groups of Keralites who are residing outside the country. The Pravasi welfare fund was created by the Kerala State Government to provide PPS to NRKs (Non-Resident Keralites) in India and NRKs abroad.

Features of Pravasi Pension Scheme Plan

  • The PPS was launched by Kerala’s CM, Pinarayi Vijayan on 2018, 21st April.
  • The scheme is specifically designed for the individuals of Kerala who are living outside India.
  • The Pravasi Pension Scheme is operative under the management of the Pravasi Welfare Board of Kerala.
  • Individuals enrolled in the Kerala Pravasi Welfare Board will be entitled to receive the scheme benefits
  • NRKs who have resumed to India for settling permanently can also get membership in this Pravasi welfare plan after at least 2 years of service.
  • People above 60 years of age are eligible to receive the Pravasi welfare scheme benefits.
  • NRKs who have paid contributions to the Pravasi welfare pension fund constantly up to 60 years of age are entitled to a minimum pension on a monthly basis of 2000 Rupees.
  • Every NRKs abroad member is required to pay 300 Rupees for each month in a form of a contribution.
  • Every NRKs in India have to pay a 100 Rupees contribution each month
  • The period of contribution is 5 years
  • PPS is not offered for central and state government employees.

Eligibility of Pravasi Pension Scheme

Every NRK having age between 19 to 60 years is entitled to enroll as a Welfare fund member. The Pravasi scheme membership is mainly categorized into 3 categories as mentioned below:

  • NRKs who are employed abroad – Form 1A
  • NRKs who came back to India permanently after at least two years of employment in abroad – Form 1B
  • NRKs employed in India outside Kerala- Form 2A