The Atal Pension Yojana (APY) scheme, got launched on May 9, 2015, by PM Narendra Modi at Kolkata. The aim of the scheme is to addresses the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS).
PM Narendra Modi, along with Atal Pension Yojana Scheme (APY), he will launch two insurance schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, who constitute 88% of the total labour force of 47.29 crore as per the 66th Round of NSSO Survey of 2011-12, but do not have any formal pension provision, the Government had started the Swavalamban Scheme in 2010-11. However, coverage under Swavalamban Scheme is inadequate mainly due to lack of guaranteed pension benefits at the age of 60.
The Government announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. Therefore, it has been announced that the Government will launch the Atal Pension Yojana Scheme (APY), which will provide a defined pension, depending on the contribution, and its period. The APY will be focussed on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA).
Under the APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY. The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by any subscriber under APY would be 20 years or more. The benefit of fixed minimum pension would be guaranteed by the Government. The APY would be introduced from 1st June 2015.
Who can get deduction details and sms services
I am a csp of BGVB . My age 41 may i application atal pension yojana?
HOW I TAKE MY APY CARD
I have a PRAN no. which is froward to me from NSDLPN. But whenever I check the status of my PRAN no. it’s reply the no. is invalid. How could I sure the PRAN given to me is authenticate or not.? And also I couldn’t make payment to my APY a/c. Please suggest me how could I resolve this problems. My bankers are not take any responsibilities regarding this.
My brother joined apy.didnt get pran card.how to get it
Sir I have paid Amount Rs 1318/- against APY FROM NOV.15 TO May.16(Monthly) ,MY PRAN No:500039086388 but i am not able to track any details for the same with bank or on any website. kindly provide any proof /document or the details of office or website from where it can be collected or downloaded
is there any new schemes announced by P.M.Narendra Modi to NRI’s Who are ready to come back to india to do some business?
please let me know. I m tired by working abroad. I would like to do something in india.
Can I quite the APY ? Or the money can be refunded ?