Govt Plans To Consolidate National Pension Schemes under One Umbrella
Moneylife Digital Team 13 February 2025
The Indian government is planning to bring various national pension schemes (NPS) under one umbrella in the days to come.
 
Replying to supplementary questions in the Rajya Sabha, Union minister for labour and employment Dr Mansukh Mandaviya says there are several pension schemes available for the people, especially those in the unorganised sectors. These schemes include Atal Pension Yojana, PM Shramik Manthan and PM Shram Yogi Manthan.
 
The minister said nearly 60mn (million) people are currently being benefited under these schemes with equal contributions from the beneficiary and the government. He said all these schemes will provide Rs3,000 to Rs5,000 monthly pensions after the beneficiary attains 60 years of age. He further said the government is contemplating bringing all the NPS under one umbrella by simplifying them.
 
He further said about 800mn people are being benefited with the free food grains scheme.
Comments
r_ashok41
3 weeks ago
good let us see how it is done
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