Question
What is the maximum monthly income limit for a worker to be eligible for PM-SYM?
Read the following passage and answer the Questions (Q no. 27 to 30) based on the passage. The financial security of laborers is vital for both individual well-being and broader economic stability. In many countries, including India, laborers—especially those in the unorganized sector—face significant challenges in achieving financial stability. Ensuring financial security for laborers not only enhances their quality of life but also contributes to economic growth, social stability, and the overall development of society. One of the primary reasons financial security is essential for laborers is that it provides them with a safety net against economic uncertainties. Many laborers work on a daily wage or contract basis, often without any formal employment benefits such as health insurance, paid leave, or retirement plans. This precarious situation makes them vulnerable to economic shocks, such as job loss, illness, or unexpected expenses. By promoting financial security through savings, insurance, and access to credit, laborers can better withstand these challenges and avoid falling into poverty. Financial security also empowers laborers to make long-term investments in their futures. When workers have a stable income and access to savings tools, they are more likely to invest in education, skill development, or entrepreneurship. This not only improves their earning potential but also contributes to greater economic mobility and social progress. Skilled and educated laborers can adapt to changing market demands, leading to increased productivity and innovation in the workforce.
More Economic and Social Issues ESI Questions
- Which of the following is not published by Labour Bureau in the Ministry of Labour and Employment?
- The poverty measure represented by the formula P₀ = Nₚ / N, which indicates the proportion of the population living below the poverty line, is known as the...
- UMANG (Unified Mobile Application for New-age Governance) developed by Ministry of Electronics and Information Technology (MeitY) and __________ to drive m...
- Which of the following is NOT a primary component of PMAY(U)?
- What is the tax treatment of contributions made to the Sukanya Samridhi Yojana?
- What is the main objective of the Montreal Protocol?
- BharatNet, the flagship programme aimed at providing broadband connectivity to rural areas, is being implemented in which of the following states?
- When was the World Trade Organisation established?
- Which initiative did the Department of Telecommunications (DoT) launch to support MSMEs and Startups in Industry 4.0 transformation?
- Consider the following statements about the Beneficiary-led individual house construction/enhancement (BLC) component of PM Awas Yojana (Urban): I- ...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)