FM Nirmala Sitharaman may announce for Atal pension yojana payout double

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Atal Pension Yojana: Under the Atal Pension Yojana, there is a provision to get a payout of Rs 1000 to Rs 5000 per month. In the coming time, its limit can be increased to Rs 10000 by the government.

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Finance Minister Nirmala Sitharaman will present the first budget of the third term of the Modi government on 23 July. In such a situation, from the salaried class to farmers, from traders to pensioners, everyone has different expectations from the government. Meanwhile, sources are claiming that the government can double the minimum guarantee amount under its flagship social security scheme, Atal Pension Yojana, to Rs 10,000 in the upcoming budget.

So far 66.2 crore members in APY

Sources say that the government is assessing a proposal in this regard in view of its fiscal impact. As the time for presenting the budget is getting closer, a decision will be taken on this. The government is working towards taking steps towards social security. Actually, the government is preparing the ground to implement the Labor Act on social security. According to a data, under APY, till June 20, there were a total of 66.2 crore members in the scheme and 1.22 crore new registrations were done in 2023-24. According to the news of ET, the minimum payout in Atal Pension Yojana can be increased to Rs 10,000 by the government.

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