Government Plans ‘Universal Pension Scheme’ for All Indians: Sources

New Delhi, February 27, 2025: The government is reportedly working on a Universal Pension Scheme aimed at providing financial security to all citizens, sources have revealed. This initiative is expected to ensure social welfare, particularly for workers in the unorganized sector, senior citizens, and low-income groups.

Key Features of the Proposed Scheme

• The scheme may offer a fixed monthly pension to eligible beneficiaries.

• It is expected to cover both organized and unorganized sector workers who do not have existing pension benefits.

• The government may contribute a portion of the pension fund, similar to existing social security schemes.

• A simplified registration process is likely to be introduced to ensure wider accessibility for all citizens.

Implementation and Future Plans

Officials indicate that discussions are in progress to finalize the structure, funding sources, and eligibility criteria. The scheme is expected to be implemented in phases, with priority given to economically weaker sections.

If approved, this initiative could become one of the largest social security programs in India, ensuring financial stability for millions in their old age. An official announcement with detailed guidelines is expected soon.

Stay tuned for further updates as more information emerges.