Identify the government sponsored recruitment savings scheme in India that allows individuals to contribute to a pension fund.

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KollegeApply · Accepted Answer

National Pension Scheme Explanation: The National Pension Scheme (NPS) is a government-backed retirement savings plan in India. People contribute regularly while working, and at retirement, they can withdraw part of the money as a lump sum. The rest is used to provide a monthly pension. It is open to everyone and aims to ensure financial security in old age.

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