PFRDA suggests comprehensive Scheme to the Finance Ministry

On May 17, 2020, the Pension Fund and Regulatory Authority (PFRDA) of India suggested comprehensive scheme to the Ministry of Finance. Under the scheme, the social security measures for the people with low income are to be explored. Highlights The PFRDA has suggested comprehensive pension scheme to take along Pradhan Mantri Jeevan Jyoti Bima Yojana, ..

Month: Current Affairs - May, 2020

Category: Government Schemes Current Affairs

Topics: Atal Pension Yojana • national pension scheme • Pension Schemes • Pension Sector • PFRDA • regulatory issues

National Pension Scheme for traders: Not successful as expected

The National Pension Scheme for traders, Shopkeepers and Self-Employed persons, also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana was launched in July 2019. It aimed at benefitting 3 crore small traders and shopkeepers Highlights The Government set a target of 50 lakh enrolment by the end of March 2020. However, only 25,000 persons have ..

Month: Current Affairs - January, 2020

Category: Government Schemes Current Affairs

Topics: Income Tax • Ministry of Labour and Employment • national pension scheme • Pension • Pension Scheme for Traders • Pension Schemes

Labour Ministry is celebrating Pension Week

The Labor Ministry is celebrating pension week from November 30, 2019 to December 6, 2019 in order to increase enrolments under National Pension Scheme (NPS) for traders and Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM). The aim of the celebration is to enroll 1 crore beneficiaries under PMSYM and 50 lakh beneficiaries under NPS-traders. Highlights The ..

Month: Current Affairs - December, 2019

Category: Important Days & Events Current Affairs

Topics: ASHA • Ayushman bharat • family pension • Ministry of Labour and Employment • national pension scheme • Pension Schemes • Pradhan Mantri Shram Yogi Maan-dhan • Self-Help Groups

Government relaxes norms of Atal Pension Yojana to expand coverage

The Union Finance Ministry has relaxed norms of Atal Pension Yojana (APY) to allow small finance banks and payment banks to offer APY distribution. The move is expected to help expand coverage of the scheme and strengthen existing channels of APY distribution. Key Facts The APY scheme follows same investment pattern as applicable to National ..

Month: Current Affairs - January, 2018

Topics: Atal Pension Yojana • Finance Ministry • Government Schemes • Payment Banks • Pension Schemes • Small Finance Banks • TNPSC

Government launches Pradhan Mantri Vaya Vandana Yojana for senior citizens

The Union Finance Ministry has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens aged 60 years and above. Under this scheme, senior citizens will get a guaranteed interest of 8% for 10 years depending upon the investment made by them. Features of PMVVY This PMVVY scheme will be available ..

Month: Current Affairs - July, 2017

Topics: Finance Ministry • Government Schemes • LIC • National • Pension Schemes • Pradhan Mantri Vaya Vandana Yojana