Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana
5 months, 2 weeks ago

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana

India TV News  

Budget 2024: The government is considering a proposal to increase the minimum guaranteed amount under its popular social security initiative, Atal Pension Yojana. Proposals to make scheme more attractive As of June 20, there have been more than 66.2 million enrollments in the Atal Pension Yojana, with 12.2 million new accounts added in the financial year 2023-24 alone. Economically deprived people get help Finance Minister Nirmala Sitharaman has previously underlined the success of the Atal Pension Yojana keeping in mind the poor and lower-middle class people. The benefit of minimum pension under Atal Pension Yojana would be guaranteed by the government in the sense that if the actual realized returns on the pension contributions are less than the assumed returns for minimum guaranteed pension, over the period of contribution, such shortfall shall be funded by the government.

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History of this topic

Atal Pension Yojana enrolment low in Kerala
1 week, 6 days ago

Atal Pension Yojana enrolment low in Kerala

New Indian Express  

THIRUVANANTHAPURAM: Enrolments in Atal Pension Yojana, the old age income security programme launched by the Union government, is low in Kerala. According to the data tabled in the Lok Sabha, until FY 2022-23, cumulative APY subscriptions in Kerala stood at 3.94 lakh whereas Karnataka had 12.68 lakh and Tamil Nadu 18.71 lakh subscribers. While Kerala’s subscription base has increased to …

What is Atal Pension Yojana? Know how to apply
1 month ago

What is Atal Pension Yojana? Know how to apply

India Today  

Atal Pension Yojana is a government-backed pension scheme launched in 2015 under the Ministry of Finance. Atal Pension Yojana aims to offer a steady income to individuals after the age of 60, ensuring a secure retirement. The scheme guarantees a fixed pension ranging from Rs 1,000 to Rs 5,000 per month, depending on the subscriber’s contribution and entry age. WHO …

Reforms to strengthen Unified Pension Scheme
3 months, 2 weeks ago

Reforms to strengthen Unified Pension Scheme

New Indian Express  

On August 24, the Union cabinet approved the Unified Pension Scheme, a significant step towards providing government employees a secure and assured pension after retirement. Over the last few years, the opposition has highlighted the dissatisfaction of government employees with the National Pension Scheme, commonly known as the New Pension Scheme. First, assured pension of 50 percent of the employee's …

Ajit Ranade: A truly secure nest egg is one that’s fully funded
3 months, 3 weeks ago

Ajit Ranade: A truly secure nest egg is one that’s fully funded

Live Mint  

The government announced a change in the National Pension System, which has been in force for more than 20 years. Under the new Unified Pension Scheme, the retired government employee is assured of an income that is 50% of the average salary drawn in the last year before retirement. It is unfair to the country’s 97% non-government workers and unborn …

Why did the Centre alter its pension plan?
3 months, 3 weeks ago

Why did the Centre alter its pension plan?

The Hindu  

The story so far: Last weekend, the Union Cabinet signed off on a major shift in the approach for providing old age income security to Central government employees, setting the stage for a new Unified Pension Scheme to be launched on April 1, 2025. There are five major components of the UPS benefits, starting with the assurance that government employees …

Ecostani | Unified Pension Scheme, a moral victory for the Opposition
3 months, 3 weeks ago

Ecostani | Unified Pension Scheme, a moral victory for the Opposition

Hindustan Times  

The Unified Pension Scheme approved by the Union government on Saturday — a mix of contribution and assured pension, to replace the New Pension Scheme, a wholly contributory mechanism — will provide some social security to government employees after retirement. The scheme, which is virtually akin to the Old Pension Scheme that NPS replaced in 2004, assures government employees 50% …

Maharashtra becomes first state to implement Unified Pension Scheme | DETAILS
3 months, 4 weeks ago

Maharashtra becomes first state to implement Unified Pension Scheme | DETAILS

India TV News  

Maharashtra cabinet: The Maharashtra government, led by Chief Minister Eknath Shinde, has become the first in the country to implement the Unified Pension Scheme for state employees. Additionally, the cabinet cleared the Rs 7,000 crore Nar-Par-Girna river linking project, which is expected to primarily benefit the northern Maharashtra districts of Nashik and Jalgaon. Other major decisions taken by Maharashtra Cabinet …

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News
3 months, 4 weeks ago

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News

ABP News  

The Modi government has introduced a significant benefit for government employees by approving the Unified Pension Scheme. This new scheme aims to ensure guaranteed pensions, family pensions, and a minimum assured pension for central employees. Under the new scheme, pensioners will receive 50% of their average basic pay from the last 12 months before retirement, provided they have served for …

New pension scheme to benefit central govt staff
3 months, 4 weeks ago

New pension scheme to benefit central govt staff

Hindustan Times  

The Union cabinet led by Prime Minister Narendra Modi on Saturday approved a new pension policy for nearly 2.3 million central government employees, unveiling a framework that will give assured 50% of basic pay as monthly payout, assuaging federal staff unions that had sought guaranteed retirement benefits. Modi had set up a panel led by cabinet secretary-designate TV Somanathan, the …

Pension Planning: Can Unorganised Sector Workers Open NPS Account?
4 months ago

Pension Planning: Can Unorganised Sector Workers Open NPS Account?

News 18  

NPS Swavalamban was a government-backed pension scheme aimed at providing financial security to the unorganised sector. While existing NPS Swavalamban account holders could migrate to APY, the latter scheme has become the primary option for individuals seeking a government-backed pension. NPS Swavalamban and Atal Pension Yojana : The Link NPS Swavalamban and APY are both government-backed pension schemes aimed at …

Govt, workers thrash out key issues in new pension scheme
4 months, 2 weeks ago

Govt, workers thrash out key issues in new pension scheme

Hindustan Times  

Representatives of the government and its employees have reached a consensus on the contentious pension issue, addressing concerns about post-retirement benefits without reverting to the old pension scheme, according to two people familiar with the matter. “After working out the finer details, the committee will submit its report to the government soon.” The resolution addresses three core apprehensions of employees, …

Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?
5 months ago

Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?

Firstpost  

Amid calls to restore old pension scheme, government is considering a proposal to increase pension benefits under National Pension System. Reports suggest Finance Minister Nirmala Sitharaman may announce a 50% pension guarantee of employees’ last drawn salary in Budget 2024. File Photo Amid calls, including from Opposition parties, for restoration of old pension scheme, Narendra Modi government is likely to …

Government employees may soon get 50% of last pay as pension under NPS: Report
5 months, 2 weeks ago

Government employees may soon get 50% of last pay as pension under NPS: Report

Hindustan Times  

Central government employees who are covered under the National Pension System may soon receive 50 per cent of their last drawn pay as pension as the government seeks to address concerns over payout disparities, The Times of India reported. The government has ruled out a return to the Old Pension Scheme which guaranteed a defined benefit of half of the …

Budget 2024: Central govt employees may receive 50 per cent of last drawn salary as pension under NPS
5 months, 2 weeks ago

Budget 2024: Central govt employees may receive 50 per cent of last drawn salary as pension under NPS

India TV News  

As the Finance Ministry prepares to present the 2024–25 fiscal year budget, the National Democratic Alliance government is contemplating a significant reform for central government employees. According to a report by the Times of India, the government may offer 50% of the last drawn salary as a pension under the National Pension System. Addressing employee concerns This proposed move aims …

Budget 2024: Central government staff could get 50% final pay as pension
5 months, 2 weeks ago

Budget 2024: Central government staff could get 50% final pay as pension

India Today  

The upcoming Budget 2024 is just a few weeks away, and the government may offer 50% of the final pay drawn as a pension for central government employees enroled under the National Pension System. Read Full Budget 2024 Coverage While the government has dismissed the idea of returning to the Old Pension Scheme, it is considering ways to provide reassurance …

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls
5 months, 3 weeks ago

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls

The Hindu  

On a spree to hand over benefits of various social welfare schemes ahead of the Assembly polls, Haryana Chief Minister Nayab Saini on June 30 provided benefits amounting to more than ₹100.68 crores to 83,633 beneficiaries under three ambitious schemes. At a State-level programme in Panipat, Mr. Saini disbursed ₹22.59 crores to 75,330 beneficiaries under the Social Security Pension Scheme …

Atal Pension Yojana poorly designed: Cong; Sitharaman hits back
8 months, 4 weeks ago

Atal Pension Yojana poorly designed: Cong; Sitharaman hits back

Deccan Chronicle  

New Delhi, Mar 26 Hours after the Congress dubbed the Centre's Atal Pension Yojana as a "poorly-designed scheme" that "hoodwinks and coerces" people into participating in it, Finance Minister Nirmala Sitharaman on Tuesday hit back at the grand old party accusing it of "hoodwinking" people in the name of vote bank politics. Congress general secretary Jairam Ramesh said the Atal …

Atal Pension Yojana: War of words erupts between Nirmala Sitharaman and Congress leader Jairam Ramesh
8 months, 4 weeks ago

Atal Pension Yojana: War of words erupts between Nirmala Sitharaman and Congress leader Jairam Ramesh

Live Mint  

A war of words erupted between the Union Finance Minister Nirmala Sitharaman and Congress leader Jairam Ramesh over the effectiveness of Atal Pension Yojana. It was started when the Mr Ramesh pointed out that while Ms Sitharaman lauded the pension scheme named after the veteran BJP leader Atal Bihari Vajpayee on Mar 24 in Bengaluru, she did not mention, he …

Atal Pension Yojana poorly designed: Cong
8 months, 4 weeks ago

Atal Pension Yojana poorly designed: Cong

Deccan Chronicle  

New Delhi, Mar 26 The Congress on Tuesday attacked the Modi government over the Atal Pension Yojana, alleging it is a "very poorly-designed scheme" and a "paper tiger" that needs officials to hoodwink and coerce people into participating in it. Congress general secretary Jairam Ramesh said the scheme is a "fitting representation of the Modi Government's policy making: headline management, …

Pension concerns: On the EPFO recommendation
10 months, 1 week ago

Pension concerns: On the EPFO recommendation

The Hindu  

The recommendation of the Central Board of Trustees of the Employees’ Provident Fund Organisation for a 0.1-percentage-point increase in provident fund deposits for 2023-24 should not be surprising, as it is in tune with what the EPFO did last year. Months ago, the Finance Ministry had rejected a proposal to double the minimum pension amount, citing a “huge rise” in …

NPS scheme may get a makeover in Interim Budget 2024
11 months ago

NPS scheme may get a makeover in Interim Budget 2024

India Today  

India is expected to consider extending tax concessions on contributions and withdrawals in the upcoming Interim Budget 2024, in an effort to make the National Pension Scheme more attractive, as per a Deloitte report The government might specifically focus on individuals aged 75 and above. Corporations enjoy tax exemptions for contributions up to 10 per cent of the basic salary …

India urgently requires universal pension plan, say senior citizens
11 months, 2 weeks ago

India urgently requires universal pension plan, say senior citizens

The Hindu  

In the absence of a social security scheme, India should urgently introduce a universal pension scheme to ensure economic security for its retired and elderly population. Stagnant pension sum According to Mr. Gangadhar, the government of India runs Indira Gandhi National Old Age Pension Scheme, and pays ₹2,000 per month to citizens above the age of 60 who are Below …

Atal Pension Yojana subscribers count cross 6-crore mark. Check details here
1 year ago

Atal Pension Yojana subscribers count cross 6-crore mark. Check details here

Live Mint  

The total enrolment under the Atal Pension Yojana has crossed 6 crore, with over 79 lakh enrolments in the current Financial Year. APY, a flagship social security scheme of the Government of India, was launched on 9 May 2015 by Prime Minister Narendra Modi to provide old age income security to Indian citizens, with a particular focus on the poor, …

The Old Pension Scheme wildfire must be stopped before it’s too late
1 year, 1 month ago

The Old Pension Scheme wildfire must be stopped before it’s too late

Live Mint  

The political battle between protecting the National Pension System and going back to the Old Pension Scheme is heating up, thanks to the various state elections just started. Public opinion and voter passion is being stirred by presenting the OPS as ‘pro-people’ and NPS as ‘anti-people.’ Meme creators and slogan writers are busy making graphic and emotive campaigns. OPS guarantees …

Andhra Pradesh Government publishes Ordinance on Guaranteed Pension System for employees
1 year, 2 months ago

Andhra Pradesh Government publishes Ordinance on Guaranteed Pension System for employees

The Hindu  

The Government of Andhra Pradesh published an Ordinance, the Andhra Pradesh Guaranteed Pension System Act, 2023, on October 20. Top-up amount to ensure a monthly guaranteed pension at the rate of 50% of the last drawn basic pay, in case of a shortfall in the annuity received by the retired APGPS subscriber. Top-up amount to ensure a monthly spouse pension …

In election-bound Rajasthan, Congress brings in Bill promising minimum guaranteed income
1 year, 5 months ago

In election-bound Rajasthan, Congress brings in Bill promising minimum guaranteed income

The Hindu  

Congress-led Ashok Gehlot government on Tuesday introduced ‘The Rajasthan Minimum Guaranteed Income Bill, 2023’ in the Assembly, what is widely expected to be the last session before the State goes for polls in less than four months. The legislation, for the first time in the country, provides legislative backing for urban employment guarantee schemes and also makes pension a legal …

Govt mulling over assured pensions at 40-45% as some states move back to OPS
1 year, 6 months ago

Govt mulling over assured pensions at 40-45% as some states move back to OPS

Live Mint  

Amid the politics of the Old Pension Scheme vs National Pension Scheme, the Government of India officials on Wednesday said that they are mulling over some changes in the new market-linked pension scheme which will ensure employees a minimum pension of 40%-45% of their last drawn salary, a report by Reuters said. The development comes as many Opposition-ruled states in …

Three social security schemes benefited 556 million people: Nirmala Sitharaman
1 year, 7 months ago

Three social security schemes benefited 556 million people: Nirmala Sitharaman

Hindustan Times  

The government’s social security schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana – have covered over 556 million beneficiaries in eight years providing exigency support of ₹15,592 crore nearly eight lakh people under the first two insurance schemes, finance minister Nirmala Sitharaman said. Under the leadership of our Prime Minister Narendra …

Want to secure your finances before retirement? Check these government pension schemes
2 years ago

Want to secure your finances before retirement? Check these government pension schemes

Firstpost  

One of the major challenges of retirement is maintaining financial stability. Keeping that in mind, the government has developed a variety of unique pension plans to guarantee the stability and financial security of the country’s elderly population after retirement. Here are some of such government retirement schemes that senior citizens can opt for: National Pension Scheme : The NPS is …

Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman
2 years ago

Old pension scheme will burden future taxpayers: NITI Aayog Vice-Chairman

The Hindu  

NITI Aayog Vice-Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence and promoting sustained growth. In an interview to PTI, Mr. Bery also underlined the need for enhancing capital expenditure and creating a space for …

Punjab government approve the implementation of Old Pension Scheme
2 years, 1 month ago

Punjab government approve the implementation of Old Pension Scheme

Live Mint  

At a time when the Old Pension Scheme is turning into a political issue with political parties promising restoration of scheme during elections, the Bhagwant Mann-led Punjab government approved the notification for implementation of the OPS in the state. An official of the government claimed that the decision will benefit 1.75 lakh government employees and currently, about 1.26 lakh employees …

Will Old Pension Scheme dent BJP's chances in Himachal?
2 years, 1 month ago

Will Old Pension Scheme dent BJP's chances in Himachal?

India Today  

In Himachal Pradesh, the opposition Congress and Aam Aadmi Party have been wooing government employees with the promise of bringing back the old pension scheme. Himachal Pradesh Congress President Pratibha Singh announced that her party will implement OPS on the first day of the formation of the government in the state. Prominent BJP leader and two-time chief minister of Himachal …

Pension systems should be fair and sustainable
2 years, 2 months ago

Pension systems should be fair and sustainable

Live Mint  

Elections in key states are round the corner and a pitch for switching back to India’s old system of state pensions is growing louder. Himachal Pradesh state Congress chief Pratibha Singh recently promised that the party will bring back a defined-benefits package within 10 days if voted to power, echoing a promise party leader Rahul Gandhi made in Gujarat, another …

Atal Pension Yojana: Income Taxpayers Not Eligible to Join Scheme; 4 Latest Updates
2 years, 4 months ago

Atal Pension Yojana: Income Taxpayers Not Eligible to Join Scheme; 4 Latest Updates

News 18  

Atal Pension Yojana Rule Change: The government has changed the rules and conditions to be eligible for its monthly pension programme Atal Pension Yojana. As per a notification from the ministry of finance, if an income tax-paying investor joins the APY scheme on or after October 1, the APY account will be liable to be closed. “In case a subscriber, …

Income tax payers barred from enrolling in Atal Pension Yojana from Oct 1
2 years, 4 months ago

Income tax payers barred from enrolling in Atal Pension Yojana from Oct 1

Hindustan Times  

Income tax payers will not be allowed to enrol in the government's social security scheme Atal Pension Yojana from October 1. In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income tax payer on or before the date of application, the Atal Pension Yojana account shall be closed and the …

Atal Pension Yojana new rule: These investors cannot join from October
2 years, 4 months ago

Atal Pension Yojana new rule: These investors cannot join from October

Live Mint  

Atal Pension Yojana: The central government has amended the Atal Pension Yojana investment rules, which will become applicable from 1st October 2022. In the changed Atal Pension Yojana rules, an income tax payer will not be eligible to open Atal Pension Yojana account from 1st October 2022. The notification issued by the Ministry of Finance says, "Provided that from 1st …

Income tax payers cannot join this govt scheme from October. Details here
2 years, 4 months ago

Income tax payers cannot join this govt scheme from October. Details here

Live Mint  

The Central government has brought a big change related to income taxpayers to the Atal Pension Yojana scheme. All income tax payers will not be eligible to invest in Atal Pension Yojana scheme. Explanation: For the purpose of this clause, the expression “income-tax payer” shall mean a person who is liable to pay income-tax in accordance with the Income Tax …

Subscribers Under PFRDA Pension Schemes Jump 24% to Over 5.32 Crore at May-End
2 years, 6 months ago

Subscribers Under PFRDA Pension Schemes Jump 24% to Over 5.32 Crore at May-End

News 18  

Subscribers under the two flagship pension schemes administered by PFRDA rose by over 24 per cent from a year ago to 5.32 crore as of May 31, 2022, official data showed on Monday. “The number of subscribers in various schemes under the National Pension System rose to 531.73 lakh by the end-May 2022 from 428.56 lakh in May 2021 showing …

Pension: Age 40? Want To Earn Rs 5,000 Guaranteed Monthly Income? What You Should Do
2 years, 6 months ago

Pension: Age 40? Want To Earn Rs 5,000 Guaranteed Monthly Income? What You Should Do

News 18  

Are You 40 years old and wanna earn a guaranteed pension of Rs 5,000 per month? Here’s how you can get a guaranteed pension of up to Rs 5,000 per month with minimum investment: What is Atal Pension Yojana? Under the Atal Pension Yojana, there is guaranteed minimum monthly pension for the subscribers ranging between Rs 1,000 and Rs 5,000 …

PMJJBY, PMSBY & APY Complete 7 Years; Here's What These Schemes Have Achieved So Far
2 years, 7 months ago

PMJJBY, PMSBY & APY Complete 7 Years; Here's What These Schemes Have Achieved So Far

News 18  

Social security schemes Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana have completed seven years of their launch. Here’re the basic details of the schemes and their achievements: Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY is a one-year life insurance scheme renewable from year to year offering coverage for death due to any …

7-year report card of three flagships from Modi government
2 years, 7 months ago

7-year report card of three flagships from Modi government

Firstpost  

Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Atal Pension Yojana complete seven years of providing social security net to the beneficiaries on Monday 9 May, 2022 Prime Minister Narendra Modi-led Central government’s flagship life insurance scheme - Pradhan Mantri Suraksha Bima Yojana, accidental insurance scheme - Pradhan Mantri Jeevan Jyoti Bima Yojana, and pension scheme …

YSRC government on a mission to ensure guaranteed pension
2 years, 7 months ago

YSRC government on a mission to ensure guaranteed pension

Deccan Chronicle  

VIJAYAWADA: The YSR Congress government is on a mission to resolve the long-pending demand for Contributory Pension Scheme with a Guaranteed Pension Scheme. It may be recalled that as per Pension Regulatory and Development Authority Bill, the new pension scheme was started by the Central government from January 1, 2004 and by the erstwhile Andhra Pradesh government from September 1, …

This Govt Scheme Offers Fixed Pension of up to Rs 5000 Per Month. Know Eligibility, Benefits
2 years, 7 months ago

This Govt Scheme Offers Fixed Pension of up to Rs 5000 Per Month. Know Eligibility, Benefits

News 18  

Atal Pension Yojana: The total enrollments under the government’s retirement benefits scheme Atal Pension Yojana have crossed 4.01 crore as on March 2022 out of which more than 99 lakh APY accounts were opened during FY 2021-22, the finance ministry has recently notified. The Atal Pension Yojana, or APY scheme offers a foxed pension of up to Rs 5,000 to …

Atal Pension Yojana enrolments cross four crore, says Union Ministry of Finance
2 years, 8 months ago

Atal Pension Yojana enrolments cross four crore, says Union Ministry of Finance

Firstpost  

Atal Pension Yojana is the guaranteed pension scheme of the Government of India administered by the Pension Fund Regulatory and Development Authority New Delhi: Over 99 lakh Atal Pension Yojana accounts were opened in the financial year ended March 2022 taking the total enrolments under the scheme to 4.01 crore, the Union Ministry of Finance said on Thursday. Out of …

Show commitment to equity in the Budget
2 years, 10 months ago

Show commitment to equity in the Budget

The Hindu  

On January 17, 2022, Oxfam International presented its annual global “Inequality Report”. During the novel coronavirus pandemic, the report reveals, more than half the world’s new poor are from India; 84% Indian households have suffered a loss of income, with 4.6 crore people falling into extreme poverty. One of the most important places to show commitment to equity, is the …

NPS could get additional income tax benefits: Key things to know
2 years, 11 months ago

NPS could get additional income tax benefits: Key things to know

Live Mint  

People have a lot of expectations from Nirmala Sitharaman's Union Budget 2022. The additional deduction limit under the National Pension Scheme could be raised from ₹50,000 to ₹1 lakh this year. However, an increment in the limit for additional deduction for NPS investments would also amount to a similar correct step in the right direction,” he said. Amit Gupta, MD, …

Monthly Rs 5,000 Pension With Income Tax Benefits: Know Details About this Govt Scheme
2 years, 11 months ago

Monthly Rs 5,000 Pension With Income Tax Benefits: Know Details About this Govt Scheme

News 18  

Atal Pension Yojana: The finance ministry has recently notified that as many as 65 lakh registrations have been completed under the Atal Pension Yojana of the government during this fiscal so far. Atal Pension Yojana, the flagship social security scheme of the Government of India, was launched on May 9, 2015, to provide old-age income security particularly to the citizen …

Customers can now subscribe to Atal Pension Yojana via Aadhaar eKYC: PFRDA
3 years, 1 month ago

Customers can now subscribe to Atal Pension Yojana via Aadhaar eKYC: PFRDA

The Hindu  

To expand its subscriber base and simplify the on-boarding process further, pension fund regulator PFRDA has now allowed Aadhaar eKYC as an additional option to add customers under its flagship pension scheme Atal Pension Yojana. "Now in order to further increase the outreach and simplify the process of subscription, CRA would be providing digital on-boarding based through Aadhaar eKYC as …

Atal Pension Yojana Dominates Social Security Scheme with 66% Subscriber Base
3 years, 3 months ago

Atal Pension Yojana Dominates Social Security Scheme with 66% Subscriber Base

News 18  

Atal Pension Yojana has emerged as the most popular social security scheme under the National Pension System with over 2.8 crore subscribers, mainly from the non-metro centres. Out of 4.2 crore National Pension System subscribers, over 66 per cent or 2.8 crore opted for the APY at the end of 2020-21, says the annual report of the National Pension Systems …

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