'NPS ensures steady pension to private sector employees'

'NPS ensures steady pension to private sector employees'

Mangalore is the only urban pilot testing centre for the project

Speaking after inaugurating the conference, Assistant Commissioner of Dakshina Kannada District Prabhulinga Kavalekatti opined that a comprehensive pension plan for the unorganised sector is the need of the hour. with the proper implementation of the NPS, even people in the private sector as well the self-employed, like the government employees, can ensure a steady pension after retirement, he added.

The conference was attended by representatives of all the Points of Presence (PoPs) in the district and they were provided with necessary information and promotional materials developed based in field level testing  and interactions with NPS stakeholders. The workshop discussed coverage strategies by bringing all stakeholders together.

Speaking to media persons, ADB technical expert Ashish Agarwal informed that NPS ensures the account holders sufficient pension in the old age despite the inflation. Mangalore has been chosen to be the testing ground for NPS till May this year, due to its better literacy rate, banking presence and percapita income, which is well above the national average. The PoPs currently active in Mangalore are South Indian Bank, IL&FS Security  Services, UTI Financial centre, CAMS, State Bank of Mysore and Axis Bank, he added.

Assistant Labour Commissioner Venkatesh, District Representative of the project Rajashekhar, Regional coordinator Shankare Gowda and District Publicity Officer Rohini along with representatives from the six PoPs, and stakeholders like Chamber of Commerce, Dakshina Kannada Milk Union, MRPL, DEEDS etc took part in the conference.

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