A five member committee is constructed to review the implementation scheme and this committee is expected to give its report before the end of this month.
Policy makers has also have some changes in mind. The fund management charges for NPS are much lower than the industry average of 1.25 – 4 per cent. At present, the annual fund management charge of NPS is extremely low, at 0.0009 per cent.
To boost investments in the scheme, Union finance minister Pranab Mukherjee today launched Swavalamban, a form of NPS. Under the scheme, the government will contribute Rs 1,000 per year to each NPS account opened in 2010-11. This will be available for persons who join NPS, with a minimum contribution of Rs 1,000 and a maximum contribution of Rs 12,000 per annum during this financial year
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