Atal Pension Yojana (APY) Scheme

Financial Inclusion in India

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NPS fund managers: All bidders to get licence

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In a significant move, pension regulator PFRDA has decided to award pension fund manager (PFM) licences to all the nine entities that had bid for managing private sector schemes of the National Pension System, a top official said. “All the nine are going to get it. Our board had recently discussed it and decided to […]

FM may widen Atal Pension scheme, offer cover for domestic helps

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The finance minister may announce changes in Atal Pension Yojana (APY) rules, widening the age for subscription to 50 years from 40 years and double the maximum monthly pension to Rs 10,000; a government-funded health insurance scheme for domestic workers, construction, and migrant laborers also under consideration   The government is likely to announce changes […]

National Pension Scheme (NPS) would not see much impact from demonetisation

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Demonetisation has slowed economic growth and resulted in job losses for many in the organized and unorganized sectors. However, the National Pension Scheme (NPS) would not see much impact from demonetisation, says Sandeep Shrikhande, CEO of Kotak Pension Fund. Demonetisation has resulted in a lot of job losses across the organized and unorganized sectors. What […]

Govt’s co-contribution of Rs 106 cr released for Atal Pension Yojna

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Pension fund regulator PFRDA today said it has released Rs 106 crore as government’s co-contribution under the Atal Pension Yojana. The government has already released the first tranche of Rs 100 crore as its co-contribution and now the second tranche of Rs 5.89 crore for the year gone-by has been released to 92,403 subscribers in […]

Pension regulator to train 1.22 lakh people to popularise NPS

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Pension regulator PFRDA is planning to train 1.22 lakh participants on National Pension System (NPS). This move will help in deepening NPS penetration and create better awareness about the voluntary, defined contribution retirement savings scheme. According to the proposal, Pension Fund Regulatory and Development Authority (PFRDA) wants to train Points of Presence (PoPs), PoP-service providers, […]

100 crores released towards GoI co-contribution in Atal Pension Yojana

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Atal Pension Yojana is being implemented through the APY Service Providers comprising of Public Sector Banks, Private Sector Banks, Regional Rural Banks, Cooperative Banks and Department of Post both in urban and rural areas across the country. Atal Pension Yojana is being implemented through the APY Service Providers comprising of Public Sector Banks, Private Sector […]

PFRDA seeks support of state govts for wider reach of APY

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Pension fund regulator PFRDA has requested all the state governments to consider registering unorganised workers under Atal Pension Yojana (APY). “The Government of India is extremely concerned about the old age income security of the working poor. To encourage and enable them to take care of their old age, Atal Pension Yojana (APY) has been […]

You may soon be auto enrolled in Atal Pension Yojana

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The Pension Fund Regulatory and Development Authority (PFRDA) is considering auto enrolment of all employees in the Atal Pension Yojana (APY) which was only targeted at the unorganised sector workers till now. This would mean that even workers in private sector, government and semi-government organisations may be auto enroled in the scheme. This proposed auto-enrolment […]