Retirement Planning Schemes For Self-Employed: Here Are The Schemes You Need To Know

Self-employed individuals 

Those individuals who are self-employed have to use a different approach to retirement planning, compared to those who are in organized sectors. 

National Pension System (NPS)

It is one of the most flexible social security schemes that are available to Indian citizens. Tax benefits are present in the scheme and does encompass both organized and unorganised sectors.

National Pension Scheme

This scheme is specifically for the self-employed people and traders. It's a voluntary pension scheme for retail traders, shopkeepers, and self-employed people.

PM-Shram Yogi Maandhan Yojana (PM-SYM)

This scheme is a government-led scheme for the unorganized sector. Individuals between the age of 18 and 40 years and have a monthly income of up to Rs 15,000 can apply for the scheme. 

Atal Pension Yojana (APY)

This scheme provides social security in the form of a guaranteed pension to the individuals. 

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