Atal Pension Yojana Crosses 7 Crore Enrollments Milestone
About 7 crore people have subscribed to the Atal Pension Yojana (APY), accumulating a corpus of Rs 35,149 crore, as announced by Finance Minister Nirmala Sitharaman. The APY, launched in 2015, is a low-cost pension scheme providing a guaranteed minimum pension ranging from Rs 1,000 to Rs 5,000 per month, depending on the contributions made by subscribers. In case of the subscriber’s death, the pension is extended to the spouse for life, and upon the demise of both, the nominee receives the entire corpus.
Subscribers and Corpus: Over 6.9 crore people have joined APY, creating a corpus of Rs 35,149 crore.
Pension Benefits: Guaranteed monthly pensions from Rs 1,000 to Rs 5,000 starting at age 60, based on contributions.
Death Benefits: Pension continues to the spouse; after both spouse and subscriber’s death, the corpus is given to the nominee.
India is preparing for a major shift in its trade and automobile policy. As negotiations…
The 77th Republic Day Parade in New Delhi became a unique blend of history, art,…
The Government of India Act, 1935 marked a major constitutional experiment under British rule. Enforced…
India marked its 77th Republic Day with a spectacular parade that blended military strength, cultural…
The Beating Retreat Ceremony is a grand military tradition that marks the formal conclusion of…
The 42nd Constitutional Amendment Act, 1976 is one of the most significant changes ever made…