Modi Govt: In the answer given by the Modi government, any such plan has been rejected, which is proposed to increase the amount of pension under the Atal Pension Yojana.
APY Rules: Changes were made in the Atal Pension Yojana by the Central Government last days. Under the changes from October 1, any person filing income tax return cannot contribute to the Atal Pension Yojana. Since then it was discussed that the pension amount is going to increase under this scheme. A recommendation was also made by the Pension Fund Regulatory and Development Authority (PFRDA) to the Finance Ministry in this regard. Now the answer has come from the government as well.
No increase in pension amount:
In the reply given by the government, any such plan has been rejected, which is proposed to increase the amount of pension under Atal Pension Yojana. Union Minister of State for Finance Bhagwat Karad has said that there has been no increase in the pension amount under the Atal Pension Yojana. In response to a question in the Lok Sabha, Bhagwat Karad said that the government led by PM Modi has decided not to increase the pension amount under the Atal Pension Yojana.
Account holders will be directly affected
Bhagwat Karad told that if the amount of pension is increased by the government, then it will have a direct effect on the account holders. He said that by increasing the amount of pension, the installment of investment made by the account holders will also increase. In such a situation, there will be an additional burden on them. Let us tell you that in view of increasing the subscriber base in APY, a proposal was sent to the government by the PFRDA to increase the pension under the Atal Pension Yojana.
Pension slabs ranging from Rs 1,000 to Rs 5,000. Let us
tell you that the government had started this scheme for the workers working in the unorganized sector. Currently, there are 5 pension slabs ranging from Rs 1,000 to Rs 5,000 to invest in the scheme. There is a demand to increase it to Rs 10,000. However, the government has refused to take any such step. As per rules, any person between the age of 18 years to 40 years (except income taxpayers) can join this pension scheme of the government and get a pension ranging from Rs 1000 to Rs 5000 every month after the age of 60 years.