Under Atal Pension Yojana, the number of subscribers has crossed 5 crore 20 lakh. This scheme has given a stupendous return of 8.69% since inception. Asset under management has crossed Rs 27200 crore.
Atal Pension Yojana: A total of more than 5.20 crore enrollments were done till March 31, 2023, under the Atal Pension Yojana. In the financial year 2022-23, more than 1.19 crore new subscribers have been enrolled, in the last financial year 99 lakh subscribers were enrolled in this scheme.
In this way, there has been an increase of more than 20 percent in enrollment. So far, the total asset under management in Atal Pension Yojana is more than Rs 27,200 crore. The scheme has earned an investment return of 8.69% since inception.
Banks have performed brilliantly
In the Public Sector Banks (PSB) category, 9 banks have achieved the annual target, while Bank of India, State Bank of India and Indian Bank have opened 100 Atal Pension Yojana accounts per branch. Under the category of Regional Rural Banks (RRBs), 32 banks have achieved the annual target, while Jharkhand State Gramin Bank, Vidarbha Konkan Gramin Bank, Tripura Gramin Bank and Baroda Uttar Pradesh Gramin Bank have more than 160 Atal Pension Yojana accounts in each branch. are opened. Tamil Nadu Mercantile Bank, Dhanalakshmi Bank and Airtel Payments Bank have achieved the annual target allotted by the Ministry of Finance.
Achieved the target with the help of SLBC
In addition, 12 states – Bihar, Jharkhand, Assam, Uttar Pradesh, West Bengal, Madhya Pradesh, Tripura, Rajasthan, Andhra Pradesh, Chhattisgarh, Odisha and Uttarakhand have also revised their annual targets with the help and support of their respective State Level Bankers Committee (SLBC). have been achieved.
Chatbot facility also started
Pension Fund Regulatory and Development Authority (PFRDA) in coordination with State Level Bankers Committee (SLBC) and Indian Rural Banks (RRBs) organized 47 Atal Pension Yojana outreach programs and town hall meetings at various locations across India. Several digital onboarding facilities have been launched using Aadhaar. Several initiatives have also been taken, including the launch of the Revised Atal Pension Yojana App and 17 podcasts to create awareness about the benefits of Atal Pension Yojana, chatbots for initial information on Atal Pension Yojana.
Pension is available up to Rs.5000
Under the Atal Pension Yojana, the subscriber will get minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month from the age of 60 years on the basis of his contribution. This amount will vary depending on the age of joining the Atal Pension Yojana. After the death of the subscriber, equal pension will be paid to the spouse.
On the death of both the subscriber’s spouse, the accumulated pension amount till the age of 60 years will be given to the nominee. Pension Fund Regulatory and Development Authority (PFRDA) is committed to contribute towards providing maximum number of pensions in the country and is continuously working actively to achieve the same.
