Despite government initiatives, the NPS has not generated enough interest among the masses. What needs to be done to prop up this excellent scheme?
Investors have not responded with much enthusiasm to the ‘Swavalamban’ initiative extended by the government under which it will contribute Rs1,000 per year (for a period of four years) to every New Pension Scheme (NPS) account opened this year with at least a matching contribution from the subscriber. Citizens in the non-government segment continue to abstain from investing in the NPS. The number of non-government subscribers to NPS registered as of 30 April 2010 has touched 5,532. Although the figure is more than double that of October 2009 when non-government subscribers were 2,321, the absolute numbers are still small.
‘Swavalamban’ initiative to accelerate NPS yet to pick up - Moneylife: Personal Finance Magazine
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Wednesday, May 12, 2010
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