Mandatory state provisionnt fund as well as pension provisions
India has a complicated pension system that is complex. There are three main elements of this Indian pension scheme: social solidarity assistance , referred to as the National Social Assistance Programme (NSAP) to help the elderly and the poor as well as the civil servants' pension (now accessible to all) and the obligatory defined contribution pensions operated by the Employees Provident Fund Organisation of India, which is for private sector workers and employees of state-owned companies as well as several other voluntary plans. Minimum pension with no contribution The National Social Assistance Scheme is an unrestricted social safety net for people who are old, poor and disabled that fall under the official poverty level. It is a non-contributory retirement pension that was introduced in 1995. It's aimed at those between the ages of 60 and 65 old who aren't working for pay either due to reasons of health or as caregivers. For eligibility, you must be over 60 ye