If you are close to your retirement or you plan to retire early then you must have been following or looking to follow some investment policies for your retirement. Early investment for your retirement ensures higher benefits and better returns. But what if you have not done any planning for your retirement? Don’t worry as we got you covered. Below are the 4 pension schemes from the Government of India that will help you in your retirement:
PM Kisan Maandhan Yojana
Like the Pradhan Mantri Kisan Samman Nidhi (Pradhan Mantri Kisan Samman Nidhi) scheme, the Central Government is running Pradhan Mantri Kisan Maandhan Yojana (Pradhan Mantri Kisan Maandhan Yojana) to improve the economic condition of the farmers of the country. The goal of this scheme is to provide a kind of social security to farmers when they reach the age of more than 60 years. All farmers between the age group of 18 to 40, having less than two hectares of land, are covered under this scheme.
Under this scheme, after the age of 60 years, the farmer will get a minimum monthly pension of three thousand rupees. Not only this, in case of death of the farmer, his life partner will get 50 percent amount as family pension.
Atal Pension Yojana
Prime Minister Narendra Modi, who assumed power at the Center in 2014, has launched several schemes for the lower and poor sections keeping in mind the social security. He started some scheme for every section of the society including farmers, laborers, small shopkeepers. One of the important schemes is ‘Atal Pension Yojana’. The government has said that after the age of 60 years, a pension of one to five thousand rupees will be given to the beneficiaries of this scheme started for the unorganized sector. Any person working in the unorganized sector can join this scheme, provided his age is between 18 and 40 years.
PM Small Business Maandhan Yojana
The Prime Minister likewise launched the National Pension Scheme for traders and independently employed individuals and introduced the new structure of the state Assembly. The National Pension Scheme for the merchants and the independently employed targets giving a base guaranteed annuity of Rs 3000 to little brokers and self – utilized in the wake of achieving age of 60 years. Around three crore little brokers are relied upon to profit by the plan.
PM Shram Yogi Man Dhan Yojana
The Government of India is running many schemes for the common people, so that people do not have to face the financial crisis. Not only this, there are also some schemes which are beneficial for long term and get benefit in old age. One of such schemes is Pradhan Mantri Shram Yogi Maan Dhan Yojana. As the name itself suggests, this scheme is for poor brothers and sisters. Under this, on completion of 60 years, a pension of 3 thousand rupees is received every month. That is, you get 36 thousand rupees in a year.
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