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Saturday, August 27, 2022

10 Lines on Atal Pension Yojana | 5 Lines on Atal Pension Yojana | Few Important Lines on Atal Pension Yojana in English

10 Lines on Atal Pension Yojana | 5 Lines on Atal Pension Yojana | Few Important Lines on Atal Pension Yojana in English
10 Lines on Atal Pension Yojana | 5 Lines on Atal Pension Yojana | Few Important Lines on Atal Pension Yojana in English

 

10 Lines on Atal Pension Yojana/ 5 Lines on Atal Pension Yojana/ Few Important Lines on Atal Pension Yojana in English: Students in various classes are looking for 10 Lines on Atal Pension Yojana in english. Here in this article we will provide 10 Lines on Atal Pension Yojana, 5 Lines on Atal Pension Yojana and Few Important Lines on Atal Pension Yojana in English. These 10 Lines on Atal Pension Yojana are important If you have been given an assignment from school to write 10 lines on Atal Pension Yojana in English or 5 lines on Atal Pension Yojana in English then you can refer to the points given in the below article.


10 Lines on Atal Pension Yojana Details

We are providing below 10 Lines on Atal Pension Yojana in English. These 10 Lines on Atal Pension Yojana have been written in simple language, yet emphasis has been made to elaborate on every aspect of the Atal Pension Yojana.

Topic

Atal Pension Yojana

Material

10 Lines on Atal Pension Yojana /5 Lines on Atal Pension Yojana/Few Lines on Atal Pension Yojana

Language

English

For

Students of any Class 1-12

Format

Text

Provider

Teacher Text


How to Find 10 Lines on Atal Pension Yojana in English or 5 Lines on Atal Pension Yojana in English?

  1. Visit our website Teacher Text.
  2. Now search for the main 10 Lines articles.
  3. Once on the main page search for the particular topic i.e Atal Pension Yojana.
  4. Click on the 10 Lines on Atal Pension Yojana in English page to complete your assignment.

10 Lines on Atal Pension Yojana in English

Students of any class who are looking for 10 Lines on Atal Pension Yojana in english can refer to the 10 lines about Atal Pension Yojana in below points:


  1. Atal Pension Yojana was launched by the Government of India on 9 May 2015.
  2. With the scheme, the government has focused on elderly citizens in India.
  3. Pension Fund Regulatory and Development Authority administers this welfare scheme of the government.
  4. Under the scheme, the senior citizens get from Rs 1000 to 5000 per month.
  5. The pension is transferred to the bank account of the beneficiary.
  6. Only the people between the ages of 18 to 40 can avail of the scheme.
  7. In the scheme, the central government also contributes 50%.
  8. Those who have joined the ‘Swavalamban Scheme’ of the government will be transferred to this scheme.
  9. To avail the benefits, the beneficiary will need to pay a monthly amount regularly to a certain age.
  10. It is old age support to the senior citizens in India.

5 Lines on Atal Pension Yojana in English

Students of any class who are looking for 5 Lines on Atal Pension Yojana in english can refer to the 10 lines about Atal Pension Yojana in below points:

  1. The Atal Pension Yojana is for the people of unorganised sectors.
  2. The one who is not paying income tax or has not enrolled any government scheme can take this scheme.
  3. The pension is transferrable to any bank account.
  4. The Atal Pension Yojana is re-launching of National Pension Scheme.
  5. If the beneficiary stops paying a monthly payment, his/her account will be suspended or closed.

Few Important Lines on Atal Pension Yojana in English

Also, these are a few important lines on Atal Pension Yojana in English if any students require them.


  1. The scheme holder can opt to stop the scheme for him before attaining the age of 60.
  2. Under Atal Pension Yojana, the beneficiary should link his/her account with Aadhar.
  3. The account holder has to pay a definite sum by the age of 60.
  4. He/she can have the benefit after having the age of 60.
  5. Atal Pension Yojana has benefitted a large mass of the population in India.

More Details about Atal Pension Yojana


Atal Pension Yojana (APY, translation: Atal's Pension Scheme), formerly known as Swavalamban Yojana (SY, translation: Self-Support Scheme) is a government-backed pension scheme in India, primarily targeted at the unorganised sector. It was mentioned in the year 2015 Budget speech by the Finance Minister Arun Jaitley. It was launched by Prime Minister Narendra Modi on 9 May 2015 in Kolkata.

 

Swavalamban Yojana was a government-backed pension scheme targeted at the unorganised sector in India. It was applicable to all citizens in the unorganised sector who joined the National Pension Scheme (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) Act 2013.

Under the scheme, the Government of India contributed ₹1,000 (US$13) per year to each NPS account opened in the year 2010–11 and for the next three years, that is, 2011–12, 2012–13 and 2013–14. The benefit was available only to people who joined the NPS with a minimum contribution of ₹1,000 (US$13) and maximum contribution of ₹12,000 (US$150) per annum. The scheme was announced by the Finance Minister in Budget 2010–11. It was funded by grants from the Government of India.

This scheme has been replaced with Atal Pension Yojana, in which all subscribing workers below the age of 40 are eligible for pension of up to ₹5,000 (US$63) per month on attainment of 60 years of age. This scheme was named after Atal Bihari Vajpayee, former prime minister of India.

 


FAQs Regarding 10 Lines on Atal Pension Yojana in English | 5 Lines on Atal Pension Yojana in English


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