Last date in Atal Pension Yojana
There is no last date in atal pension yojana. You just have to be fulfill the age criteria that it. In the budget 2015-16, Mr. Arun Jaitley, the finance minister of India announced a scheme under which the poor or the micro units will be uplifted. This scheme is further divided under three categories.
- Pradhan Mantri Jeevan Jyoti Bima Yojanan (PMJJBY)
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Atal Pension Yojana (APY)
PMJJBY
The Jeevan Jyoti Bima Yojana came in the month of Feb 2015. Under this, an announcement was made for the low insurance policy scheme. It came into action on 1st June 2015. The objectives under this are
- Increasing the life insurance policy to the poor people.
- The young generation, those who are not getting a pension, they should be taken care after their retirement.
- LIC will offer several schemes.
- Interested insurers may participate in the overall process.
- Insurance companies may tie up with banks so that the customers can get a better benefit.
PMSBY
This scheme was launched so that he poor and the minor sectors can be provided with sufficient security. The scheme is under progress and process and it will come into action very soon. On 28th Feb 2015, the finance minister introduced this scheme. The main objectives are, it is practically impossible for poor people to buy an insurance policy. Hence, under this scheme, the government will help the poor people get at least a minimum and basic cover.
APY
Under the APY scheme, if a person is poor and he is unsecured after his retirement, then the APY can make a huge difference for his family by providing him a good relief amount. There are several poor people in India such as fisherman, forest workers, labors and several people who are running small scale industries. So, the APY is meant for such people. After enrolling in the APY, the subscriber will get a monthly pension after he or she has reached at the age of 60 and above.
- Eligibility
This scheme can only be availed by the underdeveloped and financially weak people. Moreover, the bank account should also be enrolled under the APY scheme. If a person is not having a bank account, he can start one with zero deposits. One must join the National Pension System so that he can get the full benefit of the scheme. Besides this, the subscriber can also donate each and every month or quarterly, so that he can get the pension after he has crossed 60.
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