Social Security

Expanding social security coverage is a key focus for the Indian government, aiming to bolster retirement security and support vulnerable populations. Recent initiatives include raising the mandatory EPFO wage ceiling to ₹25,000, bringing over 51 lakh additional employees under its umbrella, and the Pradhan Mantri Kisan Maandhan Yojana nearing 2.5 million farmer enrollees. Furthermore, a partnership between DoRD and PFRDA seeks to leverage community networks to expand pension awareness and enrollment in rural areas, while a national conference highlighted efforts to improve welfare for the seven million construction workers through digital initiatives and optimized cess fund utilization. These developments collectively underscore a commitment to strengthening India’s social safety net and formalizing its workforce, potentially mitigating future economic vulnerabilities for a broader segment of the population.