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Universal Pension Scheme in works: Voluntary and contributory scheme being planned by Modi government

Times of India LogoTimes of India3h ago

Universal Pension Scheme in works: Voluntary and contributory scheme being planned by Modi government - Times of India

Quick Summary:

Universal Pension Scheme: India is working on a voluntary pension scheme to provide social security to all citizens, especially workers in the unorganised sector, traders, and self-employed individuals.

The initiative under the EPFO aims to consolidate existing pension programs, ensuring broader coverage and simplified procedures.

Currently, India's social security framework primarily comprises the provident fund system, alongside old-age pensions and health insurance provided by the Centre to specific beneficiaries, predominantly those living below the poverty line.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 15:52:49 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 26427093

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 29 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 40 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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  • URL: https://beamstart.com/news/universal-pension-scheme-in-works-17404708444713

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