A Major Breakthrough for Blue Collar Workers in UAE

Online, April 27, 2014 (Newswire.com) - It has been major move by the India's forefront financial and healthcare service players - Alankit Assignments Ltd. as it tied up with UAE Exchange to offer Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY).

Official announcement was made in Abu Dhabi in the presence of Indian Ambassador to UAE, T P Seetharam and other senior officials from Indian Embassy in Abu Dhabi. The catalyst to the implementation process of the aforesaid scheme, offered by India's Ministry of Overseas will be UAE Exchange. The exchange will transpire the implementation of the MGPSY scheme under the expert guidance and professional association of Alankit Assignments.

Alankit will be the major player and will be accepting forms from Indian expatriates with ECR passports and will issue Pension and Life Insurance Fund as well as Permanent Retirement Account Number. All these funds will be directed to India through normal banking channels.

The company has also aimed in introducing its services to all 17 ECR countries that include the GCC countries viz. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE and Malaysia.

This scheme that is documented by the Indian Government encourages and enables the offshore Indian workers by giving government contribution to save for their return and resettlement, old age and obtain a life insurance cover.

Alankit Group with the help of this project and fruitful experience and expertise in Government aims in creating awareness and attracting more subscribers towards the MGPSY scheme.

The Group has carved successful presence in UAE for past over a decade which has given a unique boost to tap widespread geography of the country.