GUWAHATI: Narendra Modi government has launched two social security schemes under which married couple can ensure a yearly pension of Rs 72,000 by investing just Rs 100 each per month from the age of 30.
The schemes are Pradhan Mantri Shram Yogi Maandhan (PM-SYM) and National Pension Scheme for Traders and Self-Employed Persons (NPS-Traders).
Speaking at a ‘Pension Week’ event last week, Union Minister for Labour and Employment Santosh Kumar Gangwar said that both the schemes are and simple and hassle-free. One needs just Aadhaar and Savings Bank account or Jandhan Account to enrol in the scheme. “It takes only 2-3 minutes to get oneself enrolled under the Schemes. The monthly contribution has been kept at the lowest level that ranges from Rs.55 to Rs.200 per month depending upon the entry ages of the subscriber,” the minister said.
Gangwar explained that if a person is 30 years old, his monthly contribution in the schemes would be around Rs.100 per month. Thus, he will have to contribute just Rs.1200 in a year and Rs.36,000 in his entire contribution period. However, after attaining 60 years, he will get Rs.36,000 per year as Pension. The minister said, “The life table clearly indicates that if a person reaches 60 years, he is likely to survive around 80 years of his age. In this way, he will get Rs.36,000 pension per year.”
(Source: Financial Express)
