PENSION SCHEME TO TAP UNORGANISED SECTOR WITH MODEST INCOME
June, 11th 2010
Eyeing to capture a large but untapped market, the postal department has launched a pension scheme for the people working in unorganised sector across the country.
People working in unorganised sector with a modest income can now invest in the postal department and secure their retired life apart from earning interest on the money they invest.
"Employees of government sector get pension benefits while those from private sector have employee provident fund (EPF) scheme. But, those working in unorganised sector and daily wage earners don't enjoy such benefits.
Hence, we have launched New Pension Scheme (NPS) for such people," said Arvindkumar Joshi, Postmaster General, Vadodara region.