The government had started the Atal Pension Yojana to ensure social security to the people, especially in the unorganized sector. Any Indian citizen in the age group of 18 to 40 years can avail pension by investing in this scheme.
To live a better life, every person needs some income, for which people work in government or private organizations or are workers in the unorganized sector. But what can be our source of income after retirement, this question definitely comes to everyone’s mind. Whether it is a working person or a worker in the unorganized sector, it definitely comes in everyone’s mind that what can be the support of their expenses in old age. In view of this situation, the government had started the Atal Pension Yojana to ensure social security of the people, especially in the unorganized sector. Any Indian citizen in the age group of 18 to 40 years can avail pension by investing in this scheme. It is administered by the Pension Fund Regulatory and Development Authority (PFRDA).
According to the age limit, the data of people investing in Atal Pension Yojana has been released by PFRDA on 31st July 2021. According to which the maximum number of youth has invested in this scheme so far. According to the released data, the maximum investment has been made by people in the age group of 21 to 25, which is 27 percent of the total number i.e. about 90 lakhs. At the same time, the number of people in the age group of 26 to 30 is about 80 lakhs i.e. 25 percent of the total number. The number of investors in this scheme in the age group of 31 to 35 is about 19 percent with 63 lakhs, while the number of people in the age group of 18 to 20 with about 51 lakhs is 16 percent. Those above the age of 35 have invested the least in it. This number is 11 percent of the total investors i.e. about 36 lakhs.
What are the benefits of this scheme-
If you invest for 20 years in Atal Pension Yojana, then after the age of 60, you will get the benefit of guaranteed monthly pension of Rs 1,000 to 5,000 every month. If you start investing in this scheme from the age of 18, then you will have to invest Rs 42 in this scheme every month to get a guaranteed monthly pension of 1,000. At the same time, to get a guaranteed pension of Rs 5,000, you will have to invest Rs 210 every month.
This way the account will be opened
In Atal Pension Yojana, you will have to go to the bank in which you have a savings account and fill the APY registration form, as well as give your Aadhaar and mobile number. You need to have the amount available in your savings account for every month’s installment.
