Journal

JJEM: Special Edition 4 (May 2025)

Published On:

2025-05-31

Topic

Evaluating the Efficacy and Adoption of the National Pension Scheme: A Pathway to Inclusive Retirement Security in India

Authors

Dharmaraja ,Prof.Kundan Basavaraj

Abstract

The rising expense of living and longer life expectancy has made retirement planning a crucial aspect of one's life. To provide its inhabitants with an affordable social security plan, the Indian government launched the National Pension System under the auspices of the Pension Fund Regulatory and Development Authority (PFRDA). NPS is a low-cost, portable, adaptable, and tax-benefit scheme. Both employers and employees make contributions to the plan. The investment growth resulting from the contributions provided determines the wealth produced by the scheme. As a result, the investment made increases with the value of donations.

Keywords

Investment plan, Fund management, Retirement security