Atal Pension Yojana: The document of subscribers of Atal Pension Yojana has crossed 5 crores. At the tip of the monetary yr 2022-23 on March 31, the variety of individuals enrolled within the Atal Pension Yojana has gone as much as 5.20 crore. The Finance Ministry has given this data.

The knowledge of the Ministry of Finance has been launched, in accordance with which a complete of 1.19 crore new individuals have joined the Atal Pension Yojana within the monetary yr 2022-23. Whereas in 2021-22, 99 lakh subscribers have been related to the scheme. That is, there was a bounce of 20 p.c within the variety of individuals enrolling in a single yr. By March 31, 2023, the asset beneath administration beneath the scheme has reached Rs 27,200 crore. While the scheme has given 8.69% annual return for the reason that launch of the scheme.

According to the info, 9 banks out of public sector banks have achieved the goal of opening 100 Atal Pension Yojana accounts in every department. While Bank of India, SBI and Indian Bank have opened extra accounts than the goal. An enhance is being seen within the variety of individuals becoming a member of the Atal Pension Yojana, the pension scheme of the Modi authorities.

This bold scheme of the Modi authorities was launched in 2015. The goal of the scheme is to get pension in outdated age. People within the age group of 18 to 40 years can subscribe to Atal Pension Yojana. The applicant should have a checking account. In this scheme, there’s a provision of minimal pension starting from Rs 1,000 to Rs 5,000 after the age of 60 years. If each husband and spouse are added, they’ll get a pension of Rs 10,000 beneath the scheme. If the subscriber of the scheme dies, then the husband or spouse will proceed to get pension for all times. And if each of them die then all the quantity of pension will probably be given to the nominee.

From 2035, the holders of Atal Pension Yojana will begin getting pension. There is a provision to get pension to the subscriber of Atal Pension Yojana on attaining the age of 60 years. From October 1, 2022, a serious change was made within the guidelines for becoming a member of new subscribers. Any citizen who has been paying earnings tax or pays earnings tax can not subscribe to Atal Pension Yojana.

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