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New Pension Scheme for Poor- NPS Lite

Posted by binu P Friday, July 23, 2010


Interim pension regulator PFRDA on Thursday (22-07-2010) introduced a new scheme, NSP Lite, for the economically deprived sections of the society. The scheme aims at building up a corpus sufficient enough to buy an annuity for their old age.


It further said that the government's 'Swavalamban Scheme', which grants an incentive of Rs 1,000 to all eligible New Pension System (NPS) accounts shall be available to all NPS Lite account holders as well, if they meet the prescribed criteria.
 
Finance Minister Pranab Mukherjee in his Budget speech had said the government would contribute Rs 1,000 annually to each NPS account opened in 2010-11.

Initially, the government launched the New Pension System for central government employees joining service from January 1, 2004, but it was extended to all citizens from May 1, 2009

source:economictimes



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4 Responses to New Pension Scheme for Poor- NPS Lite

  1. I want to know all about NPS Lite
    one who can join, age limit, contribution, where can i submit the form & amount,

     
  2. hi i would like to know that who can open an account in nps lite ? my monthly salary is 8000/- am i able to open an account in nps scheme ?
    is there any center in west delhi ?

     
  3. ulhas Says:
  4. pls info to me ahmedabad collection centre us2006_07@yahoo.co.in

     
  5. If a central government employee gets fresh appointment to a new post through direct recruitment, does his pension continues or he is entitled for NPS....Narendra

     

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