The government of India will deposit Rs 200 per month for Gramin Dak Sevaks involving an annual expenditure of about Rs 70 crore (Rs 700 million) to provide for the financial security for them and their spouses after retirement from the service at the age of 65, Minister of State for IT & Telecom Sachin Pilot told reporters in New Delhi.
The cost of management shall be borne by the government and the scheme has been designed to benefit the GDS working mainly in rural, remote and far-flung areas across the country.
This scheme will be operationalised utilising the platform of the New Pension Scheme.
The contributions deposited on a monthly basis by the government on behalf of each GDS will constantly grow through investments in different schemes/securities