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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization 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. The EPFO administers the retirement plan for employees ...
Website. nsap.nic.in. The National Social Assistance Programme (NSAP) is a Centrally Sponsored Scheme of the Government of India that provides financial assistance to the elderly, widows and persons with disabilities in the form of social pensions. The NSAP scheme only includes Below Poverty Line individuals as beneficiaries.
The notified wage today varies from a minimum of ₹ 122 (USD$1.76) in Bihar, Jharkhand to ₹ 191 (USD$2.76) in Haryana. Scheduled Castes (SCs) and Scheduled Tribes (STs) have accounted for 51 per cent of the total person-days generated and women for 47 per cent, well above the mandatory 33 per cent as required by the Act.
Atal Pension Yojana (Atal Pension Scheme) CS MoF: 2015: Pension: Original form in 2010 as the Swavalamban Yojana. [69] A pension program that allows people to make voluntary contributions within a certain range with a matching government contribution to receive pension in the future. By September 2021, non-metros subscribers numbered 3,77,00 ...
Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Union Government.Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was an unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the ...
India: Pensions in India. National Pension System. Employees' Provident Fund Organisation of India. Iranian Social Security Civil Servants Pension Fund. Japan – National Pension. Malaysia: Employees Provident Fund – Private voluntary retirement contribution system. Retirement Fund – Public pensions.
The entire 12% contribution of the employee goes towards the Employees’ Provident Fund Scheme (EPF), while from the employer's share of 12%, 3.67% goes to the Employees’ Provident Fund and 8.33% goes towards the Employees’ Pension Scheme (EPS) along with 1% contribution of the government while 0.5% contribution of the employer goes to the ...
Jharkhand state was created as 28th state of India by the Bihar Re-organization Act on 15 November 2000. State was created due to its underdevelopment and social justice. Jharkhand has 5 neighborhood states e.g. Bihar on the North, Orissa on the South, Chhattisgarh and Uttar Pradesh on the west West Bengal on the Ea