Social security schemes in India - Current status and way ahead

Abstract

Social security has a powerful impact at all levels of society. It provides workers and their families with access to health care and with protection against loss of income. It provides older people with income security in their retirement years. For employers and enterprises, social security helps maintain stable labor relations and a productive workforce. The policies and laws must be framed in such a way that they are mostly concentrated for the benefit of unorganized workforce. There should be proper mechanism by which the public is made aware about the existing social security schemes. The trade unions work as backbone of an establishment and well wisher of workers, their opinion should be taken in formulation and implementation of labor policies. More NGOs should be involved. More efforts should be made for public private partnership.