Atal Pension Yojana: Are you also worried about old age? You are also wondering how to manage expenses after the age of 60? Is there any pension scheme, which can be availed by financially weak people? So you do not need to take tension. Today we are going to tell you about such a scheme, which people across the country are taking advantage of. In the year 2023-24 itself, 1.22 crore new accounts have been opened under this scheme.
By opening an account in this scheme
By opening an account in this scheme, you can get pension ranging from Rs 1000 to Rs 5000 every month after the age of 60. If both husband and wife join this scheme, then pension of Rs 10 thousand per month can also be arranged. Under the Atal Pension Scheme of the Central Government, you can get a pension of Rs 5000 per month by paying just Rs 210 per month. This scheme of the Central Government is amazing.
Along with your contribution, the government also contributes to the Atal Pension account. Meaning, by paying just Rs 210 per month, you can have up to Rs 8.5 lakh after the age of 60. What is Atal Pension Yojana? How much money will have to be paid at what age in APY scheme? What will have to be done to open an account in Atal Pension Yojana? We have brought the answers to all these questions for you.
What is Atal Pension Scheme?
What is Atal Pension Yojana: To ensure that you do not have to depend on anyone in old age, the central government started this pension scheme in the year 2015. The then Finance Minister Arun Jaitley had announced it in his budget speech. Prime Minister Narendra Modi implemented it from Kolkata on 9 May 2015. Under this pension scheme, people from the poor section of the society can also become eligible for a pension of Rs 1000 to Rs 5000 after the age of 60.
The main objective of this scheme is to guarantee the future of those people of the society who are working in the unorganized sector. Those people who do not come under the purview of income tax can take advantage of this scheme. The government has made a provision in this scheme that by depositing a very small amount every month, you can get a pension of Rs 1000, 2000, 3000, 4000 or 5000 after the age of 60.
What are the benefits of Atal Pension Yojana?
Atal Pension Yojana Benefits: Under Atal Pension Yojana, even after the age of 60, those people can get pension every month, who are not getting the benefit of any other kind of pension scheme. Those people whose income does not come under the purview of income tax can take advantage of this scheme.
Who can open Atal Pension Yojana (APY)?
APY is applicable all over the country, but there are some rules to join it. This scheme is for those people whose financial condition is not that strong. From October 1, 2022, any citizen who does not fall under the purview of income tax can join this scheme. Also, your age should be between 18 to 40 years.