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
- Regional Rural Banks (RRBs) is not located in which of the following states?
- Consider the following Statements. (I) Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched on 10th September 2020. (II) The aim of the scheme is to...
- What is the primary aim of the National Curriculum Framework for School Education (NCF-SE)?
- Identify the correct statement about Financial Stability & Development Council. 1. It became operational in 2010 2. All regulatory bodies hav...
- Under which of the following theme of the Union Budget the central theme of the passage is derived from?
- Education is in which list of Seventh Schedule of the Indian Constitution?
- Which of the following is/are the determinants of MSP? (i) Cost of Production (ii) demand and supply (iii) price trend (iv) intercrop price parity (v)...
- Under which ministry is the 'Pradhan Mantri Adi Adarsh Gram Yojana (PMAAGY)' implemented?
- Which of the following is not a dimension in NITI Aayog’s Multidimensional Poverty Index (MPI)?
- What does the e-NAM platform offer to buyers and traders to enhance transparency in trading?
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)