Atal Pension Yojana: Have you ever considered that you might not have a steady source of income after you retire? Everyone is thinking about this subject these days because of the growing costs and uncertainty of life. Particularly for individuals who are employed in the unorganised sector and may not have a stable source of income when they retire. There is good news for those of you who fall into this category. Under the Atal Pension Yojana, Uttar Pradesh has accomplished a significant milestone that may pave the way for you to receive a steady income.
Uttar Pradesh achieved top position in Atal Pension Yojana
Under the Atal Pension Yojana, Uttar Pradesh has achieved the top spot in the nation. Over 1.20 crore people in the state have registered under this plan thus far. In addition, the state exceeded the goal by enrolling 21.49 lakh people during a special campaign that was conducted during the previous fiscal year. The “Award of Ultimate Leadership” was given to the State Level Bankers Committee (SLBC) in recognition of Uttar Pradesh’s outstanding accomplishment.
What is the Atal Pension Yojana
The Indian government introduced the Atal Pension Yojana, a social security program, in 2015. After retirement, the program seeks to provide unorganised sector workers a steady income. Indian nationals aged 18 to 40 are eligible to receive pensions under this scheme, which can vary from Rs 1000 to Rs 5000 each month. A small monthly, quarterly, or half-yearly deposit is required for this, and it is automatically taken out of your bank account.
More than 60 partners, including eight major banks, are involved in the operation of this plan. Chief Minister Yogi Adityanath of Uttar Pradesh has started a massive effort to raise knowledge of this program, and as a result, the state’s cities with the highest registration rates include Prayagraj, Lucknow, Bareilly, Fatehpur, and Kanpur.
Importance of Atal Pension Yojana
Chief Minister Yogi Adityanath’s plan has turned into a safety net for those employed in the unorganized sector. This program is now helping those who had no steady source of income after finishing their education. Since the Atal Pension Yojana guarantees to pay them a pension each month, they won’t have to deal with any financial difficulties after they retire.
Disclaimer:This article is written for general information purpose only. Please visit the official website of Atal Pension Yojana for more information or contact the concerned government office.
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