Atal Pension Yojana: About 5.25 shareholders are associated with Atal Pension Yojana (APY), the flagship social security program of the Central Government. The Finance Ministry gave this information on Thursday.
Atal Pension Yojana: About 5.25 shareholders are associated with Atal Pension Yojana (APY), the flagship social security program of the Central Government. The Finance Ministry gave this information on Thursday.
This scheme was launched by Prime Minister Narendra Modi (PM Modi) on May 9, 2015, with the aim of ensuring fixed income to all citizens of the country, especially workers in the unorganized sector, from the age of 60 years. The ministry has given information about this.
Ministry issued statement
The ministry said in the statement, “The scheme has been widely implemented across the country, in which all the states and union territories have been included. A total of 5.25 crore shareholders are associated with this scheme. According to the statement, with the introduction of this scheme, the registrations in it are increasing continuously.
20 percent growth in new registration If we
talk about new registration, then in 2022-23, a 20 percent increase was seen in comparison to the previous financial year. Total Assets Under Management (AUM) in APY so far is over Rs 28,434 crore and the scheme has given an investment return of 8.92 per cent since inception.
Income tax payer will not get any benefit
Atal Pension Yojana account can be opened by any Indian citizen in the age group of 18 to 40 years. Please tell that for this you should have a bank account and you should not be an income tax payer.
Pension is available for life
Under this scheme, the subscribers get a pension of Rs 1,000 to Rs 5,000 per month for life from the age of 60 years on the basis of the contribution amount. On the death of the subscriber, the pension amount is received by his wife or husband. On the death of both, till the age of 60 years, the deposited amount is returned to the nominee.
You get Rs 5000 a month as pension.
Atal Pension Scheme is such a government scheme in which the investment made by you depends on your age. Under this scheme, you can get a minimum monthly pension of Rs 1,000, Rs 2000, Rs 3000, Rs 4000 and a maximum of Rs 5,000. This is a safe investment in which if you want to register then you must have a savings account, Aadhaar number and a mobile number.
It was started in 2015
Atal Pension Yojana was started in the year 2015. Although, at that time this scheme was started for people working in unorganized sectors, but now any Indian citizen of 18 to 40 years can invest in this scheme and take advantage of pension. Those who have an account in bank or post office can easily invest in it. In this scheme, depositors start getting pension after 60 years.
