A new update related to the ambitious scheme ‘Atal Pension Yojana’ launched by the Modi government for the laborers of the unorganized sector has come to the fore. More than 1.19 crore new shareholders have been added to this scheme of the government in the year 2022-23, which shows an increase of 20 percent on an annual basis. This information was given by the Ministry of Finance.

It was told by the Finance Ministry that in 2021-22, the number of new shareholders associated with the scheme was 99 lakhs. This time there has been a tremendous increase in the shareholders joining ‘Atal Pension Yojana’. In a statement issued by the ministry, it was told that by March 31, 2023, the number of shareholders associated with this scheme of the central government has increased to 5.20 crore.

Under the Atal Pension Yojana, the subscriber gets a minimum guaranteed pension ranging from Rs 1,000 to Rs 5,000 for the whole life after attaining the age of 60 years. The pension amount depends on the annual investment made by the account holder. Earlier, a major change was made in this scheme last year by the Modi government.

What is Atal Pension Yojana

As per the current rule, if you are an Indian citizen and your age is between 18-40 years and you have a savings account in a bank or post office, then you can apply for APY. 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.

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