Friday, July 18, 2014
Tuesday, July 15, 2014
NEW PENSION SCHEME FOR ALL
Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Phase II, Plot No 6, Vasant Kunj Institutional Area, New Delhi-110070
Introduction to Swavalamban Scheme
1. National Pension System (NPS)
The National Pension System is an attempt towards providing adequate retirement income to every citizen of India. NPS aims at ensuring financial security to every citizen by encouraging them to start contributing towards the old age saving. NPS has been designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their employment. NPS seeks to inculcate the habit of saving for retirement amongst the citizens.
Initially launched for Central Government employees, later it was offered to employees of various State Governments, corporate, and individuals belonging to unorganized sector and economically disadvantaged sections (NPS-Lite).
In order to promote NPS and extend NPS benefits to maximum possible target beneficiaries, Government of India has recently launched “Swavalamban” scheme.
2. Swavalamban Scheme
Government of India announced a scheme under the name of ‘Swavalamban Yojana’ in which government has made a provision to pay an incentive contribution to each subscriber of Unorganized sector and NPS Lite sector who is willing to participate in this scheme and also fulfilling eligibility criterion.
All subscribers registered in FY 2010-11 will be eligible for getting the Swavalamban contribution for the financial years 2010-11, 2011-12, 2012-13, 2013-14 and the subscribers getting registered after FY 2010-11 will be eligible to get Swavalamban contribution upto FY 2013-14.Also as a special consideration, subscribers already registered in FY 2009-10 will also be eligible to participate in this scheme.
First Floor, ICADR Building, Phase II, Plot No 6, Vasant Kunj Institutional Area, New Delhi-110070
Introduction to Swavalamban Scheme
1. National Pension System (NPS)
The National Pension System is an attempt towards providing adequate retirement income to every citizen of India. NPS aims at ensuring financial security to every citizen by encouraging them to start contributing towards the old age saving. NPS has been designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their employment. NPS seeks to inculcate the habit of saving for retirement amongst the citizens.
Initially launched for Central Government employees, later it was offered to employees of various State Governments, corporate, and individuals belonging to unorganized sector and economically disadvantaged sections (NPS-Lite).
In order to promote NPS and extend NPS benefits to maximum possible target beneficiaries, Government of India has recently launched “Swavalamban” scheme.
2. Swavalamban Scheme
Government of India announced a scheme under the name of ‘Swavalamban Yojana’ in which government has made a provision to pay an incentive contribution to each subscriber of Unorganized sector and NPS Lite sector who is willing to participate in this scheme and also fulfilling eligibility criterion.
All subscribers registered in FY 2010-11 will be eligible for getting the Swavalamban contribution for the financial years 2010-11, 2011-12, 2012-13, 2013-14 and the subscribers getting registered after FY 2010-11 will be eligible to get Swavalamban contribution upto FY 2013-14.Also as a special consideration, subscribers already registered in FY 2009-10 will also be eligible to participate in this scheme.
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