Search: Look for:   Last 1 Month   Last 6 Months   All time

7 mn unorganised sector workers to get pensions

Delhi,Business/Economy, Thu, 12 Apr 2012 IANS

New Delhi, April 12 (IANS) Aiming to benefit around 7 million workers in the unorganised sector, the cabinet Thursday provided additional funding support of Rs.2,065 crore to the Swavalamban Scheme of the New Pension System (NPS) upto 2016-17.


The cabinet also extended the benefit of the Swavalamban Scheme from three to five years for all subscribers enrolled between 2010-11 to 2012-13, Human Resource Development Minister Kapil Sibal told reporters after a cabinet meeting chaired by Prime Minister Manmohan Singh.


The exit norms of the scheme have also been relaxed to enable subscribers leave at the age of 50 years instead of 60 years, or after a minimum tenure of 20 years, whichever is later, Sibal added.



Swavalamban is a contributory pension scheme under which the central government contributes Rs.1,000 per annum in each NPS account opened with deposits of of Rs.1000 to Rs.12,000 per annum.


Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.