While pension was ensured for all government employees post retirement and was one of the key attractions of government service, the private sector had no such facility. People who retired from the private sector had to be solely dependent on savings made while in service. This meant that post retirement , if xpenses like education to children or marriage of daughters was to be incurred, this made a big hole in the savings and the employee was left with very little for meeting day to day expenses, expenditure on health, etc.
It was to resolve this problem that the government initiated schemes like the National Pension Scheme, Atal Pension Yojana, Swavalamban, etc to ensure steady income post-retirement.
Realising that the welfare of the farmer is a key to economic stability, the government introduced schemes like Pradhan Mantri Fasal Bima Yojana, Krishi Sinchayee Yojana, Kisan Credit Card for facilitating funding of various agricultural activities like buying seeds, fodder for cattle, fertilizers, etc.
All these schemes are expected to ensure security for the farmer in his duty of feeding the nation. Another related area is food security — i. The Public Distribution system was started to ensure that basic food products were available at subsidized prices. Skip to main content. Civil Services Preliminary. Sept Yojana Magazine Open.
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