Atal Pension Yojana
(a) the salient features and the details of fund and age prescribed under the Atal Pension Yojana;
(b) the details of subscribers under the said scheme so far, State-wise including Gujarat;
(c) whether the Government proposes to make some changes in this scheme, if so, the details thereof and if not, the reasons therefor; and
(d) the time by which it is likely to be implemented?
To know the answer of above questions reg. Atal Pension Yojana please see below the full text of Loksabha Unstarred Question No. 4744.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 4744
ANSWERED ON: 22.07.2019
Atal Pension Yojana
Prabhubhai Nagarbhai Vasava
Will the Minister of FINANCE be pleased to state:-
(a) the salient features and the details of fund and age prescribed under the Atal Pension Yojana;
(b) the details of subscribers under the said scheme so far, State-wise including Gujarat;
(c) whether the Government proposes to make some changes in this scheme, if so, the details thereof and if not, the reasons therefor; and
(d) the time by which it is likely to be implemented?
ANSWER
The Minister of State (Finance)
(a) The Atal Pension Yojana is a Government of India Scheme launched on 9th May, 2015, and became operational w.e.f. 1st June, 2015. It is open to all citizens of India between 18-40 years of age, having a savings bank account in a bank or post-office. The salient features of the scheme are as follows:
• The APY is a contributory pension scheme open to all citizens of India between 18-40 years of age. The benefits of the scheme will arise to the subscribers on attaining the age of 60 years.
• Five pension plan slabs are available under the scheme namely, Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000 guaranteed by Government of India to the subscriber at the age of 60 years. On death of subscriber, same pension to spouse is guaranteed by Government of India.
• Return of full pension corpus to nominee in the event of death of both subscriber and the spouse.
• If the actual returns during the accumulation phase are higher than the assumed returns for minimum guaranteed pension, such excess will be passed to the subscribers.
As on 13th July, 2019, a total of 17,042,689 subscribers have enrolled under the Scheme with a total corpus of Rs 7222 crore.
(b) The state-wise details of subscribers enrolled under the APY scheme as on 13th July, 2019 are at Annexure A. A total of 785,574 subscribers have been enrolled under APY scheme in the state of Gujarat.
(c) and (d) The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age under Atal Pension Yojana (APY). The same is under examination in consultation with PFRDA.
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Source: Loksabha