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Atal Pension Yojana (APY) – Scheme DetailsThe Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS). To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, who constitute 88% of the total labour force of 47.29 crore as per the 66th Round of NSSO Survey of 2011-12, but do not have any formal pension provision,...
Friday, 19 June 2015
Sunday, 14 June 2015
Atal Pension Yojana to boost New Pension System corpus by Rs 50K crore
MUMBAI: Pension fund regulator PFRDA is hopeful of increasing the corpus of New Pension System (NPS) by Rs 40,000-50,000 crore by the fiscal-end, driven by subscription to a newly launched social security scheme.The Centre has launched Atal Pension Yojana (APY) targeted at people in the unorganised sector who wish to join NPS and are not a member of any other social security plan.Assets under management (AUM) of NPS currently stands at around...
Wednesday, 10 June 2015
6.7 cr people enrolled under 3 social security schemes in india
Nearly seven crore people have been enrolled as on day under the three social security schemes launched by Prime Minister Narandra Modi.Last week, Prime Minister Narendra Modi had launched three schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).ADVERTISING"They started in May 9 and today we are on. As of yesterday evening, PMSBY has reached 5.19 crore policies....
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