Page-3 of Atal Pension Yojana Current Affairs, GK & News
Union Cabinet decided to indefinitely extended Atal Pension Scheme, which had lapsed in August 2018. It also has broadened its scope by keeping it open-ended. The extension was given by taking into consideration of mass participation. New Provisions To further incentivize people’s participation in the scheme, age criterion for participation has been revised. Earlier, people ..
According to Pension Fund Regulatory and Development Authority (PFRDA), the subscriber base of Atal Pension Yojana (APY) has crossed 1 crore subscribers mark since its launch in May 2015. Till date, the scheme has collected Rs. 3,950 crore of contribution from subscribers. It has generated around 9.10% compounded annual growth rate (CAGR) since inception till ..
Month: Current Affairs - May, 2018
According to Pension Fund Regulatory and Development Authority (PFRDA), the subscriber base of Atal Pension Yojana (APY) stood at 97.05 lakh at end of 2017-18 fiscal. It was lower than target of 1 crore set by pension regulator PFRDA. The scheme saw addition of over 48.21 lakh subscribers in 2017-18. In 2016-17, total number of ..
The Union Government has allowed Small Finance Banks and Payments Banks to offer Atal Pension Yojana (APY). Recently, 10 Small Finance Banks and 11 Payment Banks have got license from Reserve Bank of India to start banking operations in the country. The Banks include Ujjivan Small Finance Bank, Janalakshmi Small Finance Bank, Suryoday Small Finance ..
Category: Government Schemes Current Affairs
The Union Finance Ministry has relaxed norms of Atal Pension Yojana (APY) to allow small finance banks and payment banks to offer APY distribution. The move is expected to help expand coverage of the scheme and strengthen existing channels of APY distribution. Key Facts The APY scheme follows same investment pattern as applicable to National ..