Hindustan Times ST (Mumbai) - - HTNATION -

So, for a ~3,000 pen­sion a month (which is what the new scheme of­fers), a worker would have had to de­posit ~126 (~42 a month mul­ti­plied by 3).

But an­a­lysts say some of the “dis­in­cen­tives” for poor work­ers in the erst­while scheme still show up in the new scheme.

“Yes, the govern­ment is giv­ing some­thing for sure. I am not crit­i­cis­ing the govern­ment on that count at all. But what is the in­ter­est rate be­ing of­fered? Will it be an in­cen­tive enough?” asked Kundu, who has de­vised many wel­fare schemes. Kundu has been a mem­ber of the Na­tional Sta­tis­ti­cal Com­mis­sion, eval­u­ated mi­nor­ity wel­fare poli­cies, headed a panel on af­ford­able hous­ing, and was most re­cently tasked with eval­u­at­ing Swachh Bharat Ab­hiyaan (ru­ral), the clean­li­ness-cum-san­i­ta­tion pro­gramme launched by Modi in 2014.

In the ear­lier scheme, the in­ter­est rate — or rate of re­turn — was about 7.5%. In the new

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