Pension: Universal Pension Scheme will come when it comes, what pension schemes are available for you right now?

These days, there is a discussion of UPS i.e. Universal Pension Scheme everywhere. It is being said that the government is preparing to bring a voluntary and contributory scheme for all the citizens of the country. In this, every section of the country will be able to arrange for a pension by contributing, whether the person is employed or non-employed. The purpose of UPS is to give the benefit of a pension to every citizen of the country, from laborers, to gig workers. Although this scheme will come when it comes, at present, which pension schemes are running for all sections of the citizens of the country, do you know this? Know

These pension schemes are running in the country right now.

At present, the government is running two pension schemes for the citizens of the country. One scheme is the Atal Pension Yojana. This scheme is for those who are not taxpayers. Through this scheme, you can get a pension of Rs 1,000 to Rs 5,000 per month in old age. You are given a pension according to your contribution. Anyone between 18 to 40 years old can invest in it.

The other scheme is the National Pension Scheme i.e. NPS. Through this scheme, both retirement funds and pensions can be arranged. NPS is a market-linked scheme i.e. whatever you contribute to it, its return is decided according to the market. You can take 60 percent of the total amount invested in NPS in a lump sum after turning 60 years, i.e. this amount is your retirement fund in a way. While at least 40 percent of the amount has to be used as an annuity. You get a pension from this annuity. How much pension you will get depends on your annuity.

This scheme is for people working in the unorganized sector.

The government runs the Pradhan Mantri Shram Yogi Maandhan Yojana for people working in the unorganized sector. This scheme provides a pension facility. Under this scheme, every laborer can get a pension of up to Rs 3,000. This pension is given based on the contribution of the workers. People between 18 and 40 years of age whose monthly income is 15,000 or less can avail the benefit of a pension through this. Housemaids, drivers, plumbers, cobblers, tailors, rickshaw pullers, washermen, and agricultural laborers can take advantage of this.

Pradhan Mantri Kisan Maandhan Yojana

A similar scheme is also running for farmers. The name of the scheme is Pradhan Mantri Kisan Maandhan Yojana. This scheme was started to provide financial security to small and marginal farmers. Under this scheme, farmers aged between 18 and 40 years have to deposit Rs 55 to Rs 200 every month. This contribution has to be made till the age of 60. From the age of 60, they can get a pension of up to Rs 3,000 every month under this scheme. The amount of pension is decided based on their contribution.

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