Atal Pension Yojana will get over 52 lakh new subscribers in FY21 thus far

Image Source : FILE PHOTO Atal Pension Yojana will get over 52 lakh new subscribers in FY21 thus far
Over 52 lakh new subscribers have joined Atal Pension Yojana (APY) throughout 2020-21 thus far, taking the whole enrolment below the federal government’s social safety scheme to 2.75 crore at end-December, an official launch mentioned.
APY is a assured pension scheme of the federal government which gives triple advantages to subscribers on attaining 60 years of age.
It gives minimal assured pension to subscribers, similar assured pension to the partner after the demise of a subscriber and return of the gathered pension wealth to the nominee.

Despite the unprecedented challenges poised as a result of pandemic, addition of greater than 52 lakh new subscribers within the monetary yr 2020-21 thus far has been outstanding and results of untiring efforts of banks, the Pension Regulatory Fund and Development Authority of India (PFRDA) mentioned within the launch.
State Bank of India alone enrolled greater than 15 lakh new APY subscribers.
PFRDA mentioned it’s dedicated to proceed its endeavour to popularise the scheme by means of varied campaigns at nationwide and state ranges, fixed engagement with bankers, participation in State-Level Banker’s Committee (SLBC) conferences, publicity by means of media and introducing digital on-boarding of APY subscribers.
PFRDA is the statutory authority established by an enactment of the Parliament to control, promote and guarantee orderly progress of the National Pension System (NPS) and pension schemes to which this Act applies.
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