look news india
Atal Pension Yojana: Recently, the central government has launched a new pension scheme for government employees, named Unified Pension Scheme (UPS). Central employees now have the option of remaining in the National Pension Scheme (NPS) or adopting the new scheme UPS with guaranteed pension. Now the question arises that which pension scheme is there for private employees or unorganized sector employees in the country. For such people, there is a pension option under EPS-95, NPS, Atal Pension Scheme (APY) etc. For now, in this news we will learn about Atal Pension Scheme.
Atal Pension Yojana is an important pension scheme launched by the Central Government in the year 2015. The objective of this scheme is to provide financial security to people working in the unorganized sector after retirement. By contributing a small amount regularly in this scheme brought keeping in mind the low-income people, a good monthly pension can be obtained after retirement.
Premium is cheaper than a cup of tea
Under the Atal Pension Yojana, if you invest Rs 210 every month from the age of 18, then after the age of 60, you can get a pension of Rs 5,000 every month for the rest of your life and Rs 60,000 annually. If we look at the daily expenditure of Rs 210, it comes to just Rs 7.
Provision of pension from Rs 1,000 to Rs 5,000
Under the Atal Pension Yojana, you can get a pension of Rs 1,000 to Rs 5,000 every month. The amount of pension in this scheme depends on the investment you make. For example, if you want a monthly pension of Rs 1,000 and start investing at the age of 18, then you will have to contribute only Rs 42 every month.
Who can invest?
People between 18-40 years of age can invest in it. Under this scheme, the subscriber is guaranteed a monthly pension of Rs 1,000 to Rs 5,000 depending on his contribution after completing the age of 60 years. If the subscriber dies, his pension amount is given to his spouse.
PFRDA runs the Atal Pension Yojana
Atal Pension Yojana is operated by the Pension Fund Regulatory and Development Authority. Being a government scheme, there is also security of money in it.