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Sitharaman hits back at Congress for criticising Atal Pension Yojana

Union finance minister Nirmala Sitharaman on Tuesday said the Atal Pension Yojana (APY) – the old age income security scheme for unorganised workers -- has given 9.1% returns since its inception in 2015, benefiting 64 million beneficiaries.

Union finance minister Nirmala Sitharaman. (ANI)
Updated on Mar 27, 2024 07:44 AM IST
ByRajeev Jayaswal, New Delhi

Jairam Ramesh calls Atal Pension Yojana a ‘paper tiger’, Sitharaman counters

Congress leader Jairam Ramesh called Atal Pension Yojana a poorly-designed scheme that “needs officials to hoodwink and coerce people into participating in it”.

Finance minister Nirmala Sitharaman and Congress general secretary Jairam Ramesh.
Updated on Mar 27, 2024 03:15 AM IST

Three social security schemes benefited 556 million people: Nirmala Sitharaman

The three schemes Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana aim at securing human life from unforeseen events

PMJJBY, PMSBY and APY were launched by the Prime Minister on May 9, 2015 in Kolkata. (Facebook | Nirmala Sitharaman)
Updated on May 09, 2023 12:43 PM IST
ByRajeev Jayaswal

Income tax payers barred from enrolling in Atal Pension Yojana from Oct 1

The government introduced Atal Pension Yojana on June 1, 2015, to provide social security to workers mainly in the unorganised sector. Subscribers of the scheme get a minimum guaranteed pension of ₹1,000 to ₹5,000 per month after attaining 60 years of age depending on their contributions.

In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income tax payer on or before the date of application, the Atal Pension Yojana account shall be closed and the accumulated pension wealth till date would be given to the subscriber.
Updated on Aug 13, 2022 12:28 PM IST

Atal Pension Yojana sees 79 lakh new additions in FY21

During the financial year 2020-21, more than 79 lakh new APY subscribers joined Atal Pension Yojana (APY) leading total enrolments to over 3.02 crore as on March 31, 2021.

Of the total 3.02 crore subscribers under APY, around 70 per cent of the accounts have been opened by public sector banks, while 19 per cent were sourced by regional rural banks.(HT Archive/iStock)
Published on Apr 22, 2021 11:11 PM IST
PTI | | Posted by Srivatsan K C, New Delhi
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