Introduction Of Sarkari Yojana - Atal Pension Scheme:-
The Government of India wants to strengthen as well as secure the economic condition of the country. The way in which the country's middle class and the poor are coming up with new schemes one after another, the citizens of the country who have been neglected for years now feel that this government is a government that takes the poor people of the country along and wants to secure their future.
￼If the poor people of the country develop then the country will move forward automatically and the greatest security of any person is its economic security and to provide this economic security the present government has implemented a new pension scheme. This scheme is Atal Pension Scheme
Objective of This Scheme:-
The main objective of this scheme is to provide pension benefits to the people in the unorganized sector of the country. The scheme provides social security facility to the common people of such unorganized sector with minimum participation i.e. the beneficiary of the scheme does not have to be dependent on others in case of illness, accident or old age.
In addition, those in the private sector of the country who do not get such pension benefits can also claim to get a pension through this scheme and can get a pension ranging from Rs.1000, Rs.5000, Rs.2000, Rs.5000 to Rs.5000 on completion of 60 years of age. If the person who is a part of this scheme gets the premium paid and considering his age, he will get this pension amount. If he dies in the meantime, his spouse can also claim this pension.
Benefits of Atal Pension Scheme:-
Income security during old age.
The purpose of this scheme is to invest in voluntary retirement.
Will be focused on workers in the unorganized sector.
Implementation will take place from 01-09-2018.
Minimum age will be 18 years and maximum age limit will be 60 years.
The administration will be done by the Pension Fund Regulatory and Development Authority (PFRDA).
Eligibility of the beneficiary of Atal Pension Scheme:-
The Atal Pension Scheme (APY) is for all Indian citizens between the ages of 18 and 40. To avail the benefits of this scheme, everyone has to pay the amount fixed by the government for at least 30 years. Any bank account holder who is not a member of any such social security scheme can avail this scheme.
For a monthly pension of Rs.1000 / - to Rs.3000 / -, the beneficiary will have to pay an age based contribution of Rs.5 / - to Rs.21/-.
The level of contribution will vary with the age of the person. A person who joins at a younger age will have less contribution and more for older age.
To encourage investment in this scheme, a new account will be credited to the account holder by the Central Government before 31-12-2017 within a maximum limit of Rs.1000 / - per annum or whichever is less than 50% of the total contribution in the account. (From 2013-14 to 2017-20) The savers of the present Rashtriya Swavalamban Yojana will be automatically transferred to the Atal Pension Yojana.
How To take advantage of this scheme?
The account holder has to fill up the authorization form and submit it to his bank. In which details of account number, spouse and nominee (heir) have to be written.
Under this scheme, the account holder has to ensure that there is a fixed amount in his account every month. If that doesn't happen, it's time to dump her and move on. These penalties are common, such as Rs 1 for every Rs 100, Rs 5 for 101 to 500 contributions, Rs 5 for Rs 201 to Rs 1,000 and Rs 10 for more than Rs 1,001.
If payment is not made .......
If payment is not made within 6 months, the account holder's account may be sealed. If payment is not made within 15 months, the account holder's account is deactivated. The account of the person who does not make this payment for 6 months is completely closed.
What about those who have no account?
Anyone who has to open a bank account first has to provide Aadhaar card and KYC information. In addition, an APY form has to be submitted.
If you want to get out of the plan ......
Under normal circumstances, an account holder in Atal Pension Scheme cannot opt out of Atal Pension Scheme till the age of 60 years. The account can be closed only in certain special circumstances, such as after his death.
APY Detailed Information:Click Here
Tag : Sarkari Yojana