People’s share is increasing in Atal Pension Yojana, more than 5 crore citizens are getting benefits

PM Atal Pension Yojana: If you have also invested in Modi government’s ambitious scheme Atal Pension Yojana, then a new update has come on it before the budget. More than 5 crore people have registered under the central government’s flagship social security scheme ‘Atal Pension Yojana’ (APY). Pension Fund Regulatory and Development Authority (PFRDA) said in a statement on Monday that the Atal Pension Yojana has performed very well in the year 2022. Because the people of the country are liking this scheme a lot. During this, 1.25 crore new registrations were done, whereas in the year 2021 only 92 lakh new registrations were done.

Pension Fund said that so far 29 banks have crossed the target specified by the Central Government. Among the public sector banks, Bank of India, State Bank of India (SBI) and Indian Bank have achieved their annual target, while 21 banks have achieved the target in the Regional Rural Bank (RRB) category. The maximum number of registrations in RRBs have been done in Jharkhand State Gramin Bank, Vidarbha Konkan Gramin Bank and Baroda UP Bank.

PFRDA took several steps for maximum dissemination of this scheme in line with the dissemination campaign announced in the Independence Day speech of Prime Minister Narendra Modi in 2021. With this campaign, the proportion of female registrations increased from 38 percent in 2021 to 45 percent.

What is Atal Pension Yojana?

As per the current rules, if you are an Indian citizen and your age is between 18-40 years and you have a savings account in any bank or post office, then you can apply for Atal Pension Yojana. Let us tell you that after investing in the Atal Pension Yojana (APY), there is a provision to get a pension of up to Rs 5,000 every month after the age limit. Under the new change, people filing ITR in this scheme cannot open an account. This scheme was started especially for the employees of the unorganized sector.