10 facts about PM-Jan Arogya Yojana or PM-JAY, a key part of Ayushman Bharat Yojna

Ayushman Bharat Diwas is observed on April 30. Ayushman Bharat Yojna was launched by Prime Minister Narendra Modi in 2018, to provide healthcare benefits to crores of Indians who can't afford proper medical facilities. The flagship scheme of the Narendra Modi government was launched along the lines of a universal health coverage to meet one of the Sustainable Development Goals (SDGs) of the United Nations - "leave no one behind." According to Health Minister, Dr Harsh Vardhan, India has operationalised 75,532 Ayushman Bharat-Health and Wellness Centres (HCW) so far despite the COVID-19 pandemic and is on track to functionalise 1.5 lakh HWCs by December 2022.

Ayushman Bharat Diwas: 10 facts about PM-Jan Arogya Yojana (PM-JAY)

1.     The Pradhan Mantri Jan Arogya Yojna or PM-JAY is a key component of Ayushman Bharat Yojna
2.     PM-JAY was launched on 23rd September, 2018 in Ranchi by Prime Minister Narendra Modi
3.     Ayushman Bharat PM-JAY is the largest health scheme in the world
4.     Ayushman Bharat PM-JAY aims to provide a health cover of ₹ 5 lakh per family per year to over 10.74 crore poor and vulnerable families
5.     PM-JAY beneficiaries are from the bottom 40 per cent of the Indian population  
6.     PM-JAY is fully funded by the central government and the cost of implementation is shared between the centre and states
7.     PM-JAY provides cashless hospitalization
8.     It covers up to three days of pre-hospitalization and 15 days post-hospitalization expenses like tests and medicines
9.     PM-JAY benefits are portable across the country, that is, a person can visit any empanelled public or private healthcare facility in India for cashless hospitalization.
10.     All pre-existing conditions are covered from day one and services include around 1,393 procedures

 

https://www.ndtv.com/india-news/ayushman-bharat-diwas-2021-10-things-to-know-about-pm-jan-arogya-yojana-pm-jay-2424821

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Everything you want to know about Atal Pension Yojana in indian

Atal Pension Yojana was introduced to benefit those people in the unorganised sector. The scheme provides financial security for old age and helps people deal with illness, accidents and diseases. The scheme also benefits private sector employees who are not given pension benefits by their company. Under this scheme, the investors get a fixed pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000, or Rs 5000 on attaining an age of 60. The amount depends on the individual’s age and the contribution amount. Interestingly, Atal Pension Yojana had replaced the Swavalamban Yojana, which wasn't very popular among people.

According to the guidelines by the Government of India, the money invested through Atal Pension Yojana scheme is managed by the Pension Funds Regulatory Authority of India (PFRDA). The government would also make a co-contribution of 50% of the total contribution, or Rs 1000 per annum, whichever is lower, to all eligible subscribers who had joined between June 2015 and December 2015 for a period of 5 years i.e., for financial years 2015-16 to 2019-20.

Atal Pension Yojana eligibility:
To get the benefits of Atal Pension Yojana, an individual must:

- Be a citizen of India.

- Be between the age of 18-40.

- Make contributions for a minimum of 20 years.

- Must have a bank account linked with Aadhar.

- Must have a valid mobile number

Atal Pension Yojana: How to apply?

1. Visit any bank and start an account.

2. Download the Atal Pension Yojana form online. The forms are available in English, Hindi, Bangla, Gujarati, Kannada, Marathi, Odia, Tamil, and Telugu.

3. Fill the Atal Pension Yojana form and submit it to your bank along with mobile number and a photocopy of your Aadhaar card.

4. You will be sent a confirmation message when the application is approved.

Atal Pension Yojana monthly contributions:

The investors have the option to make contributions for monthly/quarterly/semi-annual intervals. All the contributions are made through auto-debit facility from the savings account of the subscriber. This amount depends upon the amount of pension a subscriber wants to receive upon retirement.

Atal Pension Yojana income tax benefits:

An individual can claim tax benefits up to Rs 1.5 lakh under section 80C as part of Atal Pension Yojana. Additionally, an income tax deduction of up to Rs 50,000 can be availed under the section 80CCD (1B) of the Income Tax Act of 1961.

Atal Pension Yojana important facts:

- The subscribers can increase the premium at their will.

- In case you default on your payments, a penalty of Re 1 per month for a contribution of every Rs 100 or part thereof is levied.

- If the default continues for six months, the account is frozen.

- What is critical to know is hat early Atal Pension Yojana withdrawal is not entertained. The entire amount is only given in case of death or terminal illness.



https://www.zeebiz.com/personal-finance/news-atal-pension-yojana-eligibility-monthly-contributions-how-to-apply-tax-benefits-important-facts-apy-scheme-benefits-pfrda

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Swavalamban subscribers of micro-pension scheme can switch to APY: PFRDA

MUMBAI: Subscribers of micro-pension scheme 'Swavalamban', which closes tomorrow, can switch to the 'Atal pension Yojana' (APY) and retain the government's co-contribution, a PFRDA official said today.

'Swavalamban' scheme, which was launched by the UPA government in 2010-11, is a government-backed micro-pension scheme aimed at the unorganised sector and applicable to those who joined the National Pension Scheme (NPS).

Under the scheme, the government contributes Rs 1,000 per year to each NPS account for the first four years.

"However, this co-contribution of Rs 1,000 per annum by the government will not be there for the subscribers of both micro-pension schemes 'Swavalamban' and NPS Lite, which have together got 44 lakh subscribers under their fold and total assets under management of Rs 2,083 crore at present, from April 1 onwards," a senior official of the Pension Fund Regulatory and Development Authority (PFRDA) told PTI.

"This 'Swavalamban' scheme has been replaced with APY which was launched in June last year and hence we are not accepting any fresh subscription under 'Swavalamban' scheme since then.

"PFRDA is offering to continue the government's co-contribution of Rs 1,000 per annum for next three years to all those 'Swavalamban' subscribers who opt to shift to APY from April 1," the official added.

Unlike 'Swavalamban', which was open to all those working in the unorganised sector, APY is applicable only to workers in the age group of 18-40 years.

APY has around 22 lakh subscribers and assets under management of Rs 492 crore.

Pension fund managers believe that the replacement of 'Swavalamban' scheme with APY will help them do more business.

"We at SBI Pension Funds do hope to see a similar or even better business growth due to PFRDA's decision to replace 'Swavalamban' scheme with APY in future," SBI Pension Funds' Chief Executive Shailendra Kumar said.

http://economictimes.indiatimes.com/articleshow/51619196.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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The finance ministry is examining a proposal by the PFRDA to exempt NPS withdrawals from payment of tax

The finance ministry is examining a proposal by the Pension Fund Regulatory and Development Authority (PFRDA) to exempt national pension system (NPS) withdrawals from payment of tax, so as to bring it on par with the employee provident fund (EPF) scheme.

This will provide a level-playing field for the two pension schemes.

"We have made a proposal to the finance minister ahead of the Budget, where exemption of NPS withdrawals from tax is one of the key recommendations. It will be a game-changer for NPS resulting in a substantial increase in the assets under management with more private subscribers coming on board," said a PFRDA official.

The Seventh Pay Commission had also recommended an exempt-exempt-exempt (EEE) status for NPS, to bring it on a par with the EPF scheme in terms of tax-free withdrawals.

The pay panel also pitched for extension of co-contribution incentive by the government beyond 31 December to attract subscribers under Atal Pension Yojana

The government has so far got over one million subscribers on board

Currently, the EPF withdrawals after five years of completion of service are tax-exempt, while premature withdrawals before five years attracts tax ranging between 10 per cent and 34.608 per cent, barring exceptions.

The EPF enjoys 'EEE' status, while NPS accounts have exempt-exempt-taxed status, where any contributions to the schemes and its earnings are not taxed but amount received on withdrawal is taxed.

"There is indeed a case to provide EEE status to NPS, but the matter is still under examination," said a government official.

The finance minister had in his last budget provided employees the option of choosing between EPS and NPS, and a cabinet note for amendment of EPF and MP Act, 1952, has been sent to the law ministry for vetting.

Also, while the Employees' Provident Fund Organisation has been giving a return of 8.25-9.5 per cent to its subscribers, NPS has given a return of 9.2 per cent and NPS Lite has given a compounded annual growth return of 9.68 per cent.

Of the over Rs1,00,000 crore assets under management of NPS, 90 per cent falls under the central and state government schemes.

Meanwhile, the APY scheme got over one million subscribers on board by December. APY guarantees subscribers a monthly pension of Rs1,000, Rs2,000, Rs3,000, Rs4,000, or Rs5,000 in return for the contribution varying from Rs42 to Rs210 per month.

Under the scheme, the government contributes 50 per cent of the subscriber's contribution or Rs1,000 per annum, whichever is lower, to each eligible subscriber account for five years to 2019-20, who joined the NPS before 31 December 2015 and who are not income taxpayers.

Currently, eight pension fund managers manage private-sector funds and only three run by state-owned financial institutions are allowed to manage central and state government funds.

SBI Pension Funds, UTI Retirement Solutions, and LIC Pension Fund manage the government corpus. They also manage the private-sector corpus along with ICICI Prudential Pension Fund Management, Kotak Mahindra Pension Fund, HDFC Pension Management, Reliance Capital Pension Fund and the pension fund incorporated by Birla Sun Life Insurance.

http://www.domain-b.com/finance/general/20160108_exemption.html

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NPS to submit applications online for settlement of withdrawal claims from April 1: PFRDA

Pension fund regulator PFRDA has made it mandatory for the subscribers of New Pension System (NPS) to submit applications online for settlement of withdrawal claims from April 1 next year.

According to a PFRDA directive, no request in physical form would be entertained with effect from April 1, 2016.

"It has...Been decided that with effect from April 1, 2016 only such withdrawal requests raised on online platform will be accepted at CRA (Central Recordkeeping Agency) system for further processing.

"Physical withdrawal request forms received at CRA will not be accepted for further processing," the Pension Fund Regulatory and Development Authority said.

NSDL is the CRA for the NPS. A subscriber can exit NPS due to superannuation, premature exit and death.

PFRDA said it is committed to support the 'Digital India' campaign of the government and efforts were being made to make various NPS related services available on online platform.

Making withdrawal process online wherein subscribers can raise withdrawal request using online platform is one of the such initiatives, it said.

"This will make withdrawal process paperless to a great extent and seamless and exit claims of the subscribers can be settled in least possible time," it said.

NPS has been implemented for all government employees (except armed forces) joining Central Government on or after January 1, 2004.

Most of the State/UT Governments have also notified the NPS for their new employees. NPS has been made available to every Indian Citizen from May 2009 on a voluntary basis.

Further, from June 2015, the Atal Pension Yojana (APY), has been launched which has given the much required impetus to the social security schemes.

NPS and APY together have more than one crore subscribers with total Asset Under Management of more than Rs 1 lakh crore.

Meanwhile the retirement fund body EPFO is also in the process of providing facility of filing PF withdrawal claims online with an ultimate aim to process such applications with 24 hours of receiving it.

http://www.business-standard.com/article/pti-stories/apply-online-for-nps-withdrawals-from-april-next-pfrda-115112200197_1.html

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National Pension System (NPS) has soared to Rs 90,327 crore with the 1.15 crore subscribers

The total corpus of National Pension System (NPS) has soared to Rs 90,327 crore with the contribution of nearly 1.15 crore subscribers, the Finance Ministry said on Tuesday. The total assets under management (AUM) are worth Rs 1.09 lakh crore while AUM per subscriber on average is Rs 95,000, a finance ministry statement said. "NPS had 1.15 crore subscribers with a total corpus of Rs 90,327 crore as on January 23, 2016," it said.

NPS subscribers of central government are 14.1 percent of the total subscribers while that of the state governments are 24.9 percent. The number of NPS subscribers in the central government is 16.11 lakh with a total corpus of Rs 34,754 crore. State governments contribute Rs 45,486 crore to the corpus, from their 28.59 lakh subscribers. There are 4.48 lakh NPS subscribers in the corporate sector and 1.28 lakh in the unorganised sector. The number of subscribers under Atal Pension Yojana (APY) 19.48 lakh. The pension fund regulatory body (PFRDA) completed two years of its statutory status on February 1, 2016 and to mark this occasion, it is observing NPS Service Week from February 1-6.

During the NPS Service Week, PFRDA will create awareness about the scheme, take efforts to reduce subscribers' grievances, update subscriber details and advise subscribers regarding benefits associated with Permanent Retirement Account among others. The Pension Fund Regulatory and Development Authority (PFRDA) will also organise a Pension Conclave on February 4.

http://www.moneycontrol.com/news/economy/nps-corpus-swells-to-rs-90327-cr115-cr-subscribers_5266501.html

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New crop insurance Fasal Bima Yojana a boost for farmers : PM

Prime Minister Narendra Modi hailed the Pradhan Mantri Fasal Bima Yojana, which was cleared by the Union Cabinet today, as a boost to the farmers across the country.

In a series of tweets, Mr Modi said it was government’s gift to the farmers on the occasion of festivals of Lohri, Pongal and Bihu.
He expressed confidence that the new Crop Insurance Scheme will bring about a major transformation in the lives of farmers, saying it expands the definition of disaster and addresses whatever was lacking in the existing programmes.

“Farmer brothers and sisters, at a time when you are celebrating festivals like Lohri, Pongal and Bihu, the government has given you a gift in the form of Prime Minister’s Crop Insurance Scheme,” he tweeted hours after the Cabinet cleared the proposal.

“This is a historic day. I am confident that this scheme, which is inspired by the consideration of farmers’ benefit, will bring about a major transformation to the lives of farmers,” Modi added.
In a series of tweets, the Prime Minister said the scheme includes successful aspects of the existing schemes and “effectively addresses” whatever was lacking in those schemes.

“The scheme has the lowest premium, it entails easy usage of technology like mobile phone, quick assessment of damage and disbursement within a timeframe,” he said.

The definition of disaster has been expanded to include aspects like flooding of crop and damage after harvest, Modi said, adding that “special attention” has been paid to several other aspects.
“It is easy to subscribe to the scheme and easy to benefit. So, do join it,” he told the farmers,

In order to provide relief to drought-hit farmers, the government today announced a new Rs 8,800 crore crop insurance scheme, with significantly lower premium, to cover for loss of crop to natural calamities.

Farmers will pay only 2 per cent of the premium fixed by insurance company for kharif foodgrains/oilseeds crops and 1.5 per cent for rabi foodgrains/oilseeds crops under thePradhan Mantri Fasal Bima Yojana.

http://www.centralchronicle.com/pradhan-mantri-fasal-bima-yojana-a-boost-for-farmers-pm.html

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How to open NPS Account online in eNPS?

National Pension System – How to open an online NPS account – Step by Step by procedure discussed.

Government of India under National Pension System Trust enables opening online account.  The procedure for opening such account is given below:

• Opening of Individual Pension Account under NPS (only Tier I / Tier I & Tier II)
•  Making initial and subsequent contribution to your Tier I as well as Tier II account

For Account opening, you need to:

✔  Have a PAN Card, mobile number, email ID and an active bank account with enabled net baking facility

✔  Fill up all the mandatory details online

✔  Scan and upload your photograph and signature

✔  Make online payment (Minimum amount of Rs 500)

✔  Print the form, paste photograph & affix signature and submit the Form to CRA

Kindly note that the eNPS facility can not be used for enrolment under Atal Pension Yojana (APY).

Click here for online eNPS website

To open an Individual Pension account online.

National Pension Scheme Registration

✔  You must have a ‘Permanent Account Number’ (PAN) and a Bank account with any of the registered Point of Presence empanelled for KYC verification for subscriber registration through NPS

✔  Your KYC Verification in NPS will be done by your Bank selected by you during the registration process.

✔  You need to upload your scanned photograph and signature in *.jpeg/*.jpg format having file size between 4kb – 12kb.

✔  You will be routed to a payment gateway for making the payment towards your NPS account from Debit / Credit card or Internet Banking.

After successful payment of initial contribution, a Permanent Retirement Account Number (PRAN) will be allotted to you. After online account opening process is completed,

➤  The PRAN Kit containing a PRAN Card, IPIN/TPIN, Subscriber Master Report, Scheme Information Booklet alongwith a Welcome Letter will be sent to your registered address.

➤  You need to take a printout of the form, paste your photograph (please do not sign across the photograph) & affix signature.

➤  You should sign on the block provided for signature.

➤  The photograph should not be stapled or clipped to the form.

➤  The form should be sent within 90 days from the date of allotment of PRAN to CRA at the following address or else the PRAN will be ‘frozen’ temporarily:

Central Recordkeeping Agency (eNPS),
NSDL e-Governance Infrastructure Limited,
1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013

Please note that registration for APY cannot be done through www.enps.nsdl.com. For registration under APY please contact your Bank Branch.

Processing of subsequent nps contribution:

All existing subscribers (registered through both online and offline mode) can contribute in Tier I & Tier II account using ‘eNPS’. To contribute online, you need to

✔  Have an active Tier I / Tier II account

✔  Authenticate your PRAN using the OTP sent to your registered mobile number

✔  Pay through your Debit / Credit card or use Internet Banking option.

For queries please contact : 022 – 4090 4242 or write to: eNPS@nsdl.co.in

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