Atal Pension Yojana
Atal Pension Yojana: More than 4 crore people joined, will get pension every month from the age of 60
In the hectic life, everyone worries about his future. In old age, people do many things for the source of income. For such people, the central government started the Atal Pension Yojana. The Atal Pension Yojana, launched for the secure future of the workers, poor, exploited class, is becoming the first choice of the people. The proof of this is that by March 2022, the total enrollment under Atal Pension Yojana has crossed the figure of 4.01 crores.
What is Atal Pension Yojana
Atal Pension Yojana is an assured pension scheme of the Government of India administered by PFRDA. It was launched by the Central Government on 1st June 2015. People between the age group of 18 to 40 years can participate in this scheme. The scheme allows any citizen to join through the branches of the bank or post office where he/she has a savings bank account. On joining the scheme, the subscriber has to deposit the premium amount (installment) till the age of 60 years. After 60 years, the subscriber will be given a monthly pension of 1000 to 5000 rupees. After the death of the subscriber, the same pension would be paid to his/her spouse and on the death of both the subscriber and his/her spouse, the pension amount accumulated till the subscriber attains the age of 60 years would be returned to the nominee.
how much amount will have to be deposited
In this scheme, the subscriber has to pay the premium amount every month. Under the scheme, if a beneficiary wants to join this scheme at the age of 18 years, then they will have to pay a premium of Rs 210 every month. If the same money is given every three months, then Rs 626 will have to be given and Rs 1,239 will have to be given if given in six months. Apart from this, those who are 40 years old, then they will have to pay a premium of Rs 297 to Rs 1,454. At the same time, to get a pension of 1000 rupees every month, at the age of 18, only 42 rupees will have to be paid.
Over 99 lakh accounts in 2021-22
According to the Finance Ministry, more than 99 lakh Atal Pension Yojana accounts were opened during the financial year 2021-22. The scheme got this tremendous success due to the active participation of all categories of banks. About 71 percent enrollment was done by Public Sector Banks, 19 percent by Regional Rural Banks, 6 percent by Private Sector Banks, 3 percent by Payment and Small Finance Banks.
44 percent female customers
At the same time, out of the total enrollment under Atal Pension Yojana till 31st March 2022, about 80 percent subscribers have opted for Rs 1000 pension scheme and 13 percent subscribers have opted for Rs 5000 pension scheme. Of the total subscribers of Atal Pension Yojana, 44 percent are female subscribers while 56 percent are male subscribers. In addition, 45 percent of the total subscribers of Atal Pension Yojana are in the age group of 18 to 25 years.
Strategy to promote digital mode of enrollment
In his speech on the occasion of Independence Day in the year 2021, PM Modi emphasized on the saturation of various social security schemes of the government including the Atal Pension Yojana to every eligible person. In line with the saturation mission of the Government, PFRDA (Pension Fund Regulatory and Development Authority-PFRDA) has taken the lead in conducting outreach programs in collaboration with all SLBCs and RRBs across the country. During the financial year 2021-22, 13 such outreach programs were organized and the remaining programs would be conducted in the current financial year.
PFRDA through webinars and town hall meetings involving other Central Ministries, State Governments and agencies like NRLM/SRLM for outreach programs of Atal Pension Yojana, targeting Jan Dhan account holders, enrollment to youth A strategy has been made to promote the digital mode of