New Pension Scheme for Workers without benefit of Formal Pension
There are 6.92 crores members under Employees’ Pension Scheme, 1995 as on 31.03.2012. However, to ensure the welfare of the workers who are not benefited by any formal pension scheme, the Government has announced a co-contributory pension scheme the ‘Swalalamban’ whereby the Central Government would contribute a sum of Rs.1,000 per annum in each New Pension System (NPS) account opened having a savings of Rs.1,000 – Rs.12,000 per annum. The Scheme commenced in 2010-11. The Government will provide contribution for 5 years to the beneficiaries who register in the year 2010-11, 2011-12 and 2012-13 and therefore, the scheme has been extended up to the year 2016-17.
A total of 3,01,920 subscribers during 2010-11, 6,43,980 subscribers during 2011-12 and 90,061 subscribers till 30th August, 2012 in the current Financial Year have been enrolled under the Scheme.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.
PIB
Related to Your Search:
- Atal Pension Yojana (APY) is the guaranteed Pension Scheme of Government of India administered by PFRDA
- Post Offices Exchanged Notes Worth Rs 3,680 Crore Till Dec 7
- Atal Pension Yojana surges ahead with 62 lacs enrolment
- NPS: Subscribers, Annual Return, Guidelines & Salient Feature – Rajya Sabha Q&A
- Employees Pension Scheme: Details of subscribers and amount distributed
- Now 97.05 lakh subscribers base under Atal Pension Yojana
- New Pension System : Status of subscribers of NPS as on 10th November, 2012
- 30,85,205 Persons Enrolled in Pradhan Mantri Shram Yogi Maandhan PM-SYM as on July 10, 2019
- Pledging PF to buy home may soon become a reality
Leave a Reply