Financial Security Services
Migrant labourers’ economic circumstances are typically exacerbated by their lack of education on finances or social security. Without the knowledge of how to save or invest money, they often cannot enjoy pensions or other benefits upon retirement. And without a savings account or any form of life insurance, personal tragedies such as injury or unemployment pose a tremendous threat to both them and the family they support.
Fortunately, Jan-Daksha Trust has initiated multiple programs to counteract migrant labourers’ fragile financial states. For example, we frequently link labourers with India’s Life Insurance Corporation, which provides numerous schemes specifically designed to give marginalized groups, like migrant labourers, access to healthcare and accident coverage. Additionally, we connect migrant labourers to Rajasthan’s Shramik Hitkari Yojna labour welfare board, which provides the labourers with education, accident health insurance, a pension, government securities, and maternal assistance.
Jan-Daksha Trust also promotes economic education among migrant labour communities through financial literacy workshops. Here, we provide labourers with general information about personal finances, like how to open a bank account or sign up for various government schemes available to them. For example, we recently conducted a workshop that informed construction workers about how to apply for benefits offered by the Construction and Welfare Board.