<h1>NABARD Grants Rs.50 Crore to PFRDA for Promoting Swavalamban Scheme and Boosting Rural Retirement Savings.</h1> The National Bank for Agriculture and Rural Development (NABARD) has announced its support for the Self Help Group (SHG)-Bank Linkage Programmes, allowing rural poor households to use savings for old age needs. The Government of India has designated the interim Pension Fund Regulatory and Development Authority (PFRDA) to implement the New Pension System (NPS). To encourage retirement savings among the unorganized sector, the Swavalamban Scheme was introduced, with the government contributing Rs.1,000 to each NPS account. NABARD will provide a Rs.50 crore grant to PFRDA for promotional activities related to the Swavalamban Scheme.