APY: Secure Your Future with Government-Supported Pension

In recent news, the government has been actively promoting the benefits of the Atal Pension Yojana (APY) and connecting more and more people to it. Recently, the government has announced awareness programs to increase pension benefits under this scheme for unorganized sector workers.

In addition, the scheme is running special campaigns to encourage new registrations. For the latest information, it is advisable to monitor the government website or financial news sources. Here are some key points regarding the Atal Pension Yojana:

1. Age of beneficiaries: Individuals between 18 and 40 years can avail the benefits of this scheme. 2. Pension amount: Beneficiaries have the option of selecting their pension amount, which can range from Rs 1,000 to Rs 5,000 per month.

3. Government contribution: If a person contributes between Rs 1,000 and Rs 2,000 per month to the scheme, the government also contributes.

4. Long-term plan: This scheme is for the long term, so that the beneficiaries can get an assured pension after retirement.

5. Promotion campaign: To encourage more people to participate in this scheme, various states recently launched awareness campaigns.

For the most up-to-date information and updates on this scheme, please visit the Ministry of Finance’s website or other government sources.

Under the Atal Pension Yojana (APY), beneficiaries get pension amounts according to their age. The pension amount is as follows:

1. Rs 1,000 per month: If you start at the age of 18, you will get Rs 1,000 per month.

2. Rs 2,000 per month: About 24 years of contribution are required for a pension of Rs 1,000.

3. Rs 3,000 per month: About 29 years of contribution are required for this.

4. Rs 4,000 per month: This requires about 33 years of contribution.

5. Rs 5,000 per month: This requires about 35 years of contribution.

Your monthly pension amount varies according to your contribution and investment period.

Vipin Kumar