💨 Abstract
The Economic Survey 2024-25 advocates for expanding pension coverage to increase the number of individuals under the social security net. Currently, only 5.3% of the population is covered by the National Pension System (NPS) and Atal Pension Yojana (APY) combined. The report emphasizes the importance of low costs, competitive fund management, and minimal transaction costs to achieve scalability, particularly for small-ticket transactions.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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