Blue Flower

The Atal Pension Yojana (APY programme) is the scheme started out by the Govt of India to benefit the sections of the region, which do not have any securities for outdated age, i.e., the unorganised sections of the culture. The plan was commenced in the 12 months 2015 by the Finance Minister Arun Jaitley. The plan was ultimately and formally released by the honourable PM Shri. Narendra Modi on Could 9th in the town of Kolkata. As for each the surveys carried out, only eleven% of the population of the place has a stability in the form of pension. The APY programme has been commenced to improve this amount.
1 of the key worries of the economically weaker citizens, who following reaching the age of 60, have no implies of secure income to support them selves, is obtaining some amount as a secure cash flow to fend for them selves and reside a dignified lifestyle with out getting dependent on other individuals. With this quite thought, the Government of the place arrived up with the over plan to advantage the weaker sections of the modern society.

About the APY Software (Atal Pension Yojana)

The minimum age to be a part of the Atal Pension Yojana is eighteen a long time and the highest age to be a part of is forty many years. The pension will start off at the age of sixty. types of pension plans in India of the contribution to be made by the specific under the Yojana should be twenty years or more. The APY programme is managed by PFRDA (Pension Fund Regulatory and Improvement Authority).