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The Madhu Babu Pension Yojana (MBPY) is a beneficial scheme initiated under the Department of Social Security and Empowerment of Persons with Disabilities for the disabled, old age persons in the state of Odisha, India. The Madhu Babu Pension Yojana was launched by Chief Minister of Odisha, w.e.f. 01.01.2008 by merging the two pension schemes i ...
KALIA stand for " Krushak Assistance for Livelihood and Income Augmentation". This Sarakari Jojana has been launched by the state government of Odisha for the welfare of their farmers. ଓଡ଼ିଶା ଖାଦ୍ୟ ସୁରକ୍ଷା ଯୋଜନା Odisha Food Security Scheme (SFSS) 2 October 2018: Food supply and consumer welfare ...
The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...
Under this scheme, an online job-portal named as National Career Service portal has been launched which acts as a common platform for job-seekers, employers, skill providers, government departments, placement organisations and counsellors. [85] [86] Deendayal Upadhyaya Gram Jyoti Yojana: CS MoP: 2015: Rural Electrification
The Pension Parishad – an initiative to ensure universal pension to all workers in India – has been demanding that the Government of India establish a "non-contributory and universal old age pension system with a minimum amount of monthly pension not less than 50% of the minimum wage or ₹ 2,000 (US$23), whichever is higher." [51]
India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Programme (NSAP) for the elderly poor, the civil servants pension (now open for all) and the mandatory defined contribution pension programs run by the Employees' Provident Fund Organisation of India for private ...
The Employees' Provident Fund Organisation (EPFO) is one of the two main social security agencies under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance.
On 18 November 2022, the state government of Punjab notified implementation of the OPS to the 1.75 lakh government employees who are presently being covered under the NPS. [ 27 ] 1.26 lakh employees are already covered in OPS and Rs 16,746 crore is accumulated in the pension funds of its manpower recruited after implementation of NPS in the state.