In view of increasing the subscriber base of the APY scheme, a proposal was sent to the government by the PFRDA to increase the pension. Currently, subscribers investing in this scheme get 5 pension slabs ranging from Rs 1,000 to Rs 5,000.
There was discussion for a long time about the central government’s Atal Pension Yojana that the pension amount is going to be increased under this. The Pension Fund Regulatory and Development Authority (PFRDA) had also recommended the Union Finance Ministry in this regard.
But now the answer has been given by the government in this regard. In this, such things have been rejected outright. Union Minister of State for Finance Bhagwat Singh Karad has said that the amount of pension under APY has not been increased.
In response to a question in the Lok Sabha, Union Minister of State for Finance Bhagwat Singh Karad said that the government led by PM Narendra Modi decided not to increase the pension amount in the Atal Pension Yojana . Is. Giving the main reason for this, he said that by increasing the pension amount, the installment to be invested by the account holder will also increase. In such a situation, there will be additional pressure on them. Therefore, no decision has been taken on such a recommendation.
Five slabs of pension in APY
In view of increasing the subscriber base of the APY scheme, a proposal was sent to the government by PFRDA to increase the pension. Currently, subscribers investing in this scheme get 5 pension slabs ranging from Rs 1,000 to Rs 5,000. Demand was being raised to increase it to Rs 10,000 per month. However, the government has now categorically refused to take any such step.
Guaranteed pension only after the age of 60
To get rid of the worry of pension in old age, the Government of India started the Atal Pension Yojana in 2015-16. The specialty of APY is that the younger you start investing in it, the more benefits you will get. According to the rules, any Indian citizen (except only income taxpayers) between the age of 18 years to 40 years can join this pension scheme of the government. After the age of 60 years, he can get a pension ranging from Rs 1000 to Rs 5000.
Facility to increase or decrease the investment amount
This facility is also given in Atal Pension Yojna that the amount deposited in it can be changed at any time. That is, according to your convenience, you can increase or decrease the amount of investment. Investment in Atal Pension Yojana (APY) is also eligible for tax benefits of up to Rs 1.5 lakh under Income Tax Act 80C. The amount of pension is decided according to the investment made by the beneficiary and the age.
