Mizoram Provisional Employees Savings Scheme Guide
Overview
The Mizoram Provisional Employees Savings Scheme is a state-level savings initiative by the Government of Mizoram. It is designed for provisional or contractual employees of the state government, helping them build financial security through regular savings during their tenure.
Objective
The scheme aims to promote a savings habit among provisional government employees who do not have access to regular pension or provident fund benefits. It helps them accumulate funds for post-service financial needs.
Benefits
- Structured monthly savings deducted from salary
- Accumulated corpus available at the end of the service or on resignation
- Modest interest on savings balance
- Provides a financial cushion for employees on short-term contracts
- Simple enrollment through salary-disbursing authority
Eligibility
- Provisional, contractual, or temporary employees of the Mizoram state government
- Must be drawing salary through the state treasury
- Enrollment must happen within the prescribed period after appointment
- Employees on regular or permanent rolls may not be covered under this scheme
Exclusions
- Permanent state government employees covered under GPF or NPS are excluded
- Daily wage workers not on the state payroll may not qualify
- Employees who have resigned or been terminated before completing minimum service
Application Process
- Submit enrollment form to the head of department or salary drawing officer
- Specify the monthly savings contribution amount
- Deductions begin from the following salary cycle
- Savings are maintained in a designated account under the scheme
- Apply for withdrawal at the end of service or as per scheme rules
Documents Required
- Appointment order as provisional or contractual employee
- Aadhaar card
- Bank account details
- Salary certificate from the drawing and disbursing officer
- Enrollment form duly filled and signed
