- Government has released Rs 100 crore towards its co-contribution for Atal Pension Yojana (APY) for 2015-16
- Under the scheme, individuals who have registered before March 31, 2016, will get a co-contribution from the government, which will be 50 per cent of the subscriber contribution up to a maximum of Rs 1,000. The co-contribution will be for 5 years from 2015-16 to 2019-20
- Government of India through Pension Fund Regulatory and Development Authority (PFRDA) has released co-contribution for 2015-16 for 16.96 lakh eligible APY subscribers amounting to Rs 99.57 crore
- It said subscribers who have any pending contributions in their APY accounts till March 2016 won't be paid with co-contribution
- The total number of subscribers registered under APY as on June 30, 2016, has crossed 30 lakh and every day, nearly 5,000 new subscribers are added
- APY provides minimum guaranteed pension ranging between Rs 1,000 to Rs 5,000 per month for the subscriber from the age of 60 years. The same amount of pension is paid to the spouse in the case of the subscriber's demise
Important Question for Competitive Exam from this Current Affairs:
- Government releases how many crore towards co-contribution in Atal Pension Yojana: a)120 b)100 c)200 d)80
0 comments:
Post a Comment