The government had started the Atal Pension Yojana to make the post-retirement life secure for the workers of the unorganized sector. People in the age group of 18 years to 40 years can invest in this scheme.
The government had started the Atal Pension Yojana to make the post-retirement life of the workers of the unorganized sector secure. People in the age group of 18 years to 40 years can invest in this scheme. You can get a pension of one thousand rupees to five thousand rupees every month after attaining the age of 60 years. Atal Pension Yojana is a Government of India scheme, which is administered by the Pension Fund Regulatory and Development Authority (PFRDA). This is a popular pension scheme. In the latest episode of Jagran Dailogues, Manish Mishra of Jagran New Media discussed this scheme in detail with Supratim Bandyopadhyay, Chairman, PFRDA.
Question: Who can invest in Atal Pension Yojana? How much pension is received on investment of how much rupees?
Bandyopadhyay : We started this scheme in 2015 for the people working in the unorganized sector. This is a government guaranteed scheme. Its full name is Atal Pension Yojana. This scheme was started on June 1, 2015. Talking about the figures, at present about 43 crore people have Jan Dhan accounts. The advantage of this scheme is that you get guaranteed pension in this. On investment in this scheme, you get a monthly pension of one thousand, two thousand, three thousand, four thousand and a maximum of five thousand rupees.
If you fall in the age group of 18 to 40 years then you can join this scheme. If you join this scheme at the age of 18 and you want a monthly pension of one thousand rupees after the age of 60, then you have to invest 42 rupees every month. At the same time, if a person of the age of 18 years wants a pension of five thousand rupees per month, then he will have to invest Rs 210 every month.
Question: What are the main benefits of this scheme?
Bandyopadhyay: If a person invests in this scheme, then he will get a fixed amount of pension every month after attaining the age of 60 years. If the person dies, his spouse will get the pension. In case of death of both, the corpus created by the investment in this fund will be given back to the nominee.
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