
PFRDA proposes composite social security scheme for low-income persons, says chairman
NEW DELHI: To enhance social security cover for unorganised sector workers and low-income persons, a composite scheme providing both pension and insurance benefits has been suggested to the government, the chairman of the Pension Fund and Regulatory Authority of India (PFRDA) said. The authority has suggested to the Finance Ministry that a comprehensive social security scheme can be explored for people having low income, PFRDA Chairman Supratim Bandyopadhyay told . "We have given some suggestions to the government. We are thinking whether we can have a comprehensive pension scheme taking along APY (Atal Pension Yojana), Pradhan Mantri Jeevan Jyoti Bima and Suraksha Bima. We are thinking of taking all these products together whether we can have a combined kind of scheme," Bandyopadhyay sai...