With greater than 28 lakh new accounts having been opened underneath Atal Pension Yojana (APY) throughout the present monetary yr itself, enrolments underneath the scheme crossed 3.30 crore as per Finance Ministry’s knowledge compiled until August 25, 2021.
Out of those 3.35 crore enrolments, round 78 per cent subscribers are those that have opted for Rs 1,000 pension plan, whereas round 14 per cent have opted for Rs 5,000 plan.
Also out of the full subscribers, 44 per cent are girls whereas 44 per cent of subscribers belong with the age group of 18 years to 25 years.
Under APY, a assured pension scheme of Government of India and administered by Pension Fund Regulatory and Development Authority (PFRDA), any (*28*) citizen between the age group of 18 and 40 years of age can turn into subscriber, in any financial institution or put up workplace the place she or he has an account.
Under the scheme, a subscriber receives a minimal assured pension of Rs 1,000 to Rs. 5,000 monthly, relying upon his contribution, from the age of 60 years. The identical pension is paid to the partner of the subscriber and on the demise of each the subscriber and the partner, the pension wealth as collected until the age of 60 years, goes to the nominee.