Social Security for the Unorganized in India – An

It is said that ninety percent of the world’s population does not have the social protection. The statement however true does not concern us much as we are some times least worried about the problems of the neighbor at least not to speak of the town we live in, but the problem for our policy makers is not that of the world but of our own population and to be more nearer to the issue it is not even the population but the working population in the country. Therefore, the statement goes that the ninety percent of the working population in our country do not have any kind of social protection excepting that they take their own case. Particularly the people in the informal sector are not covered by any type of social security protection, i.e. either by a contribution based insurance scheme or by any social assistance scheme. If one takes the number of covered persons as a percentage of number of persons working, it is estimated that in India, roughly 90 percent of the working population do not have any formal arrangements for social security coverage.