More than 90 lakh people connected with Atal Pension Yojana in 2022-23, 4.53 crore total subscribers

Atal Pension Yojana: The popularity of Atal Pension Yojana is skyrocketing. So far in the 11 months of the financial year 2022-23, more than 90 lakh people have joined the scheme to take advantage of the Atal Pension Yojana. These figures have come out from the data released by the Finance Ministry.

According to the data of the Ministry of Finance, till March 31, 2022, there were 362.77 lakh total subscribers of Atal Pension Yojana, which has increased to 453.42 lakh by March 4, 2023. That is, in the 11 months of the current financial year, there has been a jump of 28.46 percent in the number of subscribers of the Atal Pension Yojana. During this period, 90,65000 new subscribers are associated with this scheme. Under the Atal Pension Yojana, as on March 31, 2022, the total asset under management was Rs 20,922.58 crore, which has increased to Rs 26,113.66 crore.

A continuous increase is being seen in the number of people joining the Atal Pension Yojana, the pension scheme of the Modi government. However, a major change has been made in the rules for joining new subscribers. From October 1, 2022, any citizen who has been paying income tax or pays income tax cannot subscribe to the Atal Pension Yojana. Then the Finance Ministry said in its notification that if a person subscribes to the Atal Pension Yojana on or after October 1, 2022, and it is found that the person has been paying income tax on or before the day of application, then his pension The account will be closed and whatever pension wealth the person has accumulated from investments will be returned.

Atal Pension Yojana is an ambitious scheme of Modi Government which was launched in 2015. The objective of the scheme is to get pension in old age. People in the age group of 18 to 40 years can subscribe to Atal Pension Yojana. The applicant must have a bank account. In this scheme, there is a provision of minimum pension ranging from Rs 1,000 to Rs 5,000 after the age of 60 years. If both husband and wife are added, they can get a pension of Rs 10,000 under the scheme. If the subscriber of the scheme dies, then the husband or wife will continue to get pension for life. And if both of them die then the entire amount of pension will be given to the nominee.

Last year, the Central Government had told the Parliament that from 2035, the holders of the Atal Pension Yojana would start getting pension. Finance Minister Nirmala Sitharaman had said that the Atal Pension Yojana was launched on 9 May 2015. The minimum age to join the scheme is 18 and the maximum is 40 years. There is a provision to get pension to the subscriber of Atal Pension Yojana on attaining the age of 60 years. In such a situation, people will start getting the benefit of pension from 2035 under the Atal Pension Yojana.

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