The government is soon going to give gifts to lakhs of unorganized sector employees. The government is considering expanding the scope of EPFO. According to sources, Prime Minister Shram Yogi Manadhan, There is talk of bringing the National Pension Scheme under the EPFO for traders and self-employed. It may be announced soon.
Despite two years, not many people are investing in PM Shram Yogi Maandhan Yojana and National Pension Scheme. LIC is currently overseeing the administration of both schemes. If it comes under EPFO, then the number of investors is likely to increase. Because employees and the general public have more trust in EPFO. PM Shram Yogi Maandhan Yojana was launched in 2019. In this, the unorganized sector employees of 18 to 40 years can deposit money every month. The more the employee collects the money, the more the central government does. In this, on completion of 60 years, every month gets a pension of at least three thousand rupees. At the same time, the government has started the National Pension Scheme for traders and business people. Retail traders and shopkeepers can invest in this scheme.