Government Atal Pension Yojana (APY) It is planning to increase the pension received under this scheme from ₹ 5,000 to ₹ 10,000. According to sources, this proposal final stage And it can be announced in Budget 2025.
Currently, under this scheme, beneficiaries get a minimum of ₹ 1,000 and a maximum of ₹ 5,000 monthly pension. If the government approves this proposal, the scheme will become even more beneficial for the poor and people associated with the unorganized sector.
Atal Pension Yojana: Why is this scheme special?
Atal Pension Yojana Prime Minister to Narendra Modi Launched on 9 May 2015. It is aimed at helping the elderly, especially the poor and those working in the unorganized sector. economic security Have to provide.
The name of this scheme was given to former Prime Minister Atal Bihari Vajpayee Named after. Its main objective is to ensure that no person faces financial insecurity after the age of 60 years.
Current Pension Amount:
- Minimum ₹1,000 and maximum ₹5,000 monthly.
- After the proposed changes, this amount could go up to ₹10,000.
7 crore subscribers added by October 2024
By October 2024, Atal Pension Yojana More than 7 crore people have joined. In this scheme during this financial year (2024-25) 56 lakh new subscribers Connect.
Pension Fund Regulatory and Development Authority (PFRDA) has played an important role in promoting this scheme. This figure shows that people are becoming aware of this scheme and are showing interest in adopting it.
Benefits of Atal Pension Yojana
1. Guaranteed Pension:
Under the scheme, beneficiaries receive a monthly pension after the age of 60 years. The pension amount can be ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 (and potentially ₹10,000).
2. ‘Complete Security Shield’:
- If the beneficiary dies, the pension amount will be transferred to his spouse Is given to.
- After the spouse, the entire amount deposited is returned to the nominee after 60 years.
3. Less Contribution:
Guaranteed pension benefit with small contributions.
- Example:
- ₹1,000 pension For this, at the age of 18 years only ₹ 42 will have to be deposited monthly.
- ₹5,000 pension Maximum monthly contribution at age 40 for ₹1,454.
4. Government Subsidy:
- government in this partial contribution Which makes it more economical.
Eligibility
1. Age Limit:
- Age of the applicant to join the scheme 18 to 40 years Should be between.
2. Bank Account:
- to the applicant bank account It is mandatory to have.
3. Income Tax:
- people who income tax filer are not eligible for this scheme.
4. Contribution:
- Monthly contribution varies depending on the pension amount.
How to apply for Atal Pension Yojana?
The government has simplified the application process. You Online And offline Can apply in both ways.
Offline Application:
- Go to your bank branch.
- pension registration form Get it or download it from the bank’s website.
- Fill the form carefully and submit your pension amount option Select.
- with form Aadhar card And submit other necessary documents.
- Once the application is accepted, you will get a confirmation message on the registered mobile number.
Online Application:
- of your bank Internet Banking Portal Or mobile banking app Go to.
- Select the option ‘Social Security Scheme’ or ‘Atal Pension Yojana’.
- Fill the application form and provide the required information.
- Our monthly contribution For Auto-debit option Select.
- Verify the information before submitting the application.
Why is this scheme necessary?
Atal Pension Yojana This is especially important for those who work in the unorganized sector and are looking for financial security in the future.
1. Economic self-reliance:
- Regular pension after the age of 60 makes them self-reliant.
- This scheme is a boon for the poor and low-income group.
2. Easy Investment:
- Guaranteed pension for the future with small contributions.
3. Government Trust:
- This scheme is fully government-backed, making it safe and reliable.
Potential changes and impacts
If the pension amount is increased to ₹10,000, the scheme may become more popular. This will not only add new subscribers but will also provide better economic security to the weaker sections of the society.
