Experts Highlight Retirement Planning, Tax Benefits and Social Security Advantages of NPS to Strengthen Workforce Stability and Financial Security in the MSME Sector*
Chandigarh - Punjab State Chapter of PHDCCI, in association with the Pension Fund Regulatory and Development Authority (PFRDA), organized an awareness session on National Pension System (NPS) – Building a Secure Future for MSME Workforce.
The session aimed to create greater awareness among local industry leaders, trade representatives and MSMEs about retirement planning, financial security and the long-term benefits of adopting NPS for both employers and employees.
*Sh. Rajneesh Bansal, Chair, Chandigarh Chapter of PHDCCI,* emphasized the crucial role played by small businesses and trade units in driving regional economic growth, stressing the need to implement structured welfare and security mechanisms for workforce retention and stability.
*Sh. Sudhir Singh, Dy General Manager, PFRDA,* elaborated on PFRDA’s vision of expanding pension and social security coverage, particularly among the MSME and unorganised sectors. He highlighted the importance of building awareness around structured retirement planning and encouraging wider adoption of NPS.
A detailed presentation on NPS for MSMEs – Benefits, Enrolment Process, and Tax Advantages was delivered by *Sh. Aishwarya Mudgal, Senior Manager, HDFC Pension Fund,* wherein he elaborated on contribution structures, portability, online enrolment procedures, employer-employee contribution benefits, and tax advantages available under prevailing provisions of the Income Tax Act.
*Sh. Shiv Shanker Kumar, Co-Convener,* Punjab Banking and Financial Services Committee, PHDCCI, who also moderated the session and emphasized that NPS serves as an affordable, secure, and highly effective social security tool that can significantly strengthen workforce stability for MSMEs.
The session witnessed enthusiastic participation from industry leaders, trade representatives, entrepreneurs, and MSMEs, reflecting a shared commitment towards promoting financial security and building a resilient workforce through the National Pension System.