The PM-PRANAM (Personalized Retirement Attention for Nurturing Aspirations and Maintenance) scheme approved by the Cabinet aims to provide support to the retiring employees of Central Public Sector Enterprises (CPSEs) so that they can lead a comfortable post-retirement life. The main objectives of the scheme are as follows: 1. Financial Assistance: The scheme provides a one-time voluntary retirement package to the retiring CPSE employees to help them financially after retirement.

• This financial assistance would be in addition to the regular pension amount that the employees are eligible for.
• It aims to ease the financial burden on retiring employees and make their retirement period more secure.

2. Skill Development: The scheme aims to provide skill development and upskilling opportunities to the retiring employees so that they can explore new career options, start businesses, or work as consultants after retirement.

• This will assist the employees in utilizing their expertise and experience gained during their service.
• It aims to empower the employees to engage in productive activities even after retirement, thus contributing to their personal growth and the overall economy.

3. Counselling and Mentoring: The scheme intends to offer counseling and mentoring services to retiring employees for their mental and emotional well-being.

• Retirement can often lead to feelings of uncertainty and anxiety, and the scheme aims to address these concerns by offering guidance and support.
• This will help retirees in managing their transition into the retired phase of their lives and provide them with a sense of purpose and fulfillment.

The PM-PRANAM scheme focuses on providing comprehensive support to retiring CPSE employees by addressing their financial, professional, and emotional needs during the transition into retirement.