A new Soochna Seva Kendra was inaugurated with the support of Oracle in Itki, Ranchi
Atal Pension Yojana (APY) was launched on June 1, 2015 to provide post retirement income to the workers not covered by any social security or pension scheme. The scheme specifically targets workers in the unorganised sector. However, it is open to all bank account holders, aged between 18 and 40 and not covered under any social security scheme.
The scheme guarantees a fixed monthly pension ranging from Rs 1,000 per month to Rs. 5,000 per month – depending on the contribution of the applicant – on attaining the age of 60. Those who are existing members of the Swavalamban scheme will be automatically transferred to this scheme.
The central government will contribute 50 per cent of the user’s contribution or Rs. 1000 per year for a period of five years.This benefit of government’s contribution is limited to all those members only who will join the National Pension Scheme (NPS) before December 31, 2015.
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