Swavalamban Pension Yojana

National Pension Scheme

  • Swavalamban Guidelines
  • Swavalamban Pension Scheme Update
  • Apply For PRAN Card
You are here :Home Atal Pension Yojana From June 1 onward Swavalamban Yojana will be renamed to Atal Pension Yojana

From June 1 onward Swavalamban Yojana will be renamed to Atal Pension Yojana

February 19, 2015 by Swavalamban Yojana 4 Comments

The Narendra Modi government’s key social security scheme, Atal Pension Yojana (APY), will replace the previous government’s Swavalamban Yojana NPS Lite, which did not find much acceptance among people.

The scheme will be launched on June 1 and focus on the unorganised sector. All subscribing workers below the age of 40 would be eligible for pension of up to Rs 5,000 per month on attainment of 60 years of age, Department of Financial Services Secretary Hasmukh Adhia told PTI in an interview.

It will be a simple product open to all bank account holders, who are not members of any statutory social security scheme.

“To make the the pension scheme more attractive, it has been decided that the government would co-contribute 50 per cent of a subscriber’s contribution or Rs 1,000 per annum, whichever is lower to each eligible subscriber account for a period of of 5 years from 2015-16 to 2019-20,” he said.

The existing scheme was not getting adequate response and therefore a need was felt to revamp the scheme and make it more attractive, simple with a guaranteed returns, he added.

Adhia said: “The new pension scheme with better features would replace the existing pension scheme (Swavalamban Yojana NPS Lite) which is targeted at workers of the unorganised sector”.

The benefit of government’s co-contribution can be availed by those who subscribe to the scheme before December 31, 2015.

Existing subscribers of Swavalamban Scheme would be automatically migrated to Atal Pension Yojana, unless they opt out, Adhia said.

Under the scheme, the subscriber would receive the fixed pension of in the range Rs 1,000-Rs 5,000 per month on attainment of 60 years, depending on contribution which would vary at the age of joining, he said.

The minimum age of joining the scheme is 18 years and maximum age is 40 years, he said. The minimum period of contribution by the subscriber under the scheme would be 20 years.

  • Tweet
  • Email
  • Print

Related

Filed Under: Atal Pension Yojana, Swavalamban Yojana Tagged With: Atal Pension Yojana, Swavalamban Yojana NPS Lite

« PFRDA chief eyes 20% coverage of the poor by FY18
CAG has appreciated JK’s financial achievements: FinMin »

Comments

  1. BHARAT ZENDE says

    June 3, 2015 at 1:35 pm

    i want details Swavalamban Yojana NPS Lite. i have join this yojana so please give to me details.

    Reply
  2. vijayalakshmi.c says

    January 22, 2016 at 6:12 pm

    Kindly advise for Those already covered under swavalamban scheme and aged more than 40 years.

    Reply
  3. vijaya b says

    August 27, 2017 at 3:10 pm

    I am fifty can I join swavamban yojana pl guide me

    Reply
  4. Pravin Mesharam says

    July 13, 2018 at 4:26 pm

    Upto when this pensipn will receive that is till death of the pensioner or upto attaining certain age?Also after death of the pensioner is there any provosion to get it to the nominee or dependents? Pl clear.

    Reply

Leave a Reply Cancel reply

Recent

  • गाव तिथे माझा : गडचिरोली : जूनी पेन्शन योजना लागू करण्यासाठी आंदोलन
  • 210 रूपये जमा कराने पर जीवनभर मिलेंगे 5000 रूपये | Narendra modi | Atal Pension Yojna
  • National Pension System – A Long Term Tax Saving Investment Review
  • ஊழியர் சேமலாப நிதியம் ( EPF ) மற்றும் புதிய ஓய்வூதிய திட்டம் ( NPS ) இடையேயான வேறுபாடு | Kuberan
  • Indira Gandhi National Widow Pension Scheme

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 121 other subscribers

Popular Post

  • Apply For PRAN Card
  • Swavalamban Pension Scheme Update
  • Swavalamban Pension Yojana # भारत सरकारची स्वावलंबन पेंशन योजना #
  • Swavalamban Guidelines
  • Old Age Pension Scheme for Senior Citizen in Uttarakhand
  • 210 रूपये जमा कराने पर जीवनभर मिलेंगे 5000 रूपये | Narendra modi | Atal Pension Yojna
  • MYSY (Mukhyamantri Yuva Swavalamban Yojana)
  • Atal Pension Yojana to boost New Pension System corpus by Rs 50K crore
  • CSC VLE NATIONAL PENSION SCHEME (nps) क्या है इसमें आपको कैसे काम करना है देखिये पूरा वीडियो
  • Swavalamban Contribution योजना क्या है इसे आप DIGITAL SEVA CSC से कैसे उपयोग करेंगे ??

Like Us

Like Us

Recent Comments

  • HARISh Kumar on ONLINE PENSION FORM ऑनलाइन पेंशन फॉर्म भरना
  • SURESH Maiya on Swavalamban Guidelines
  • Pandurang Patil on Apply For PRAN Card
  • Rajendra Ishi on National Pension System (NPS) Swavalamban – Taxi TVC
  • Pravin Mesharam on From June 1 onward Swavalamban Yojana will be renamed to Atal Pension Yojana
  • Gautam kalipad Panda on Swavalamban Guidelines
  • SHASHIKANT on Swavalamban Pension Yojana # भारत सरकारची स्वावलंबन पेंशन योजना #
  • yogesh kishorkumarji Rathi on Swavalamban Guidelines
  • गिंडे सागर संजय स्नेहल on Swavalamban Guidelines
  • Harish kumar on Swavalamban Contribution योजना क्या है इसे आप DIGITAL SEVA CSC से कैसे उपयोग करेंगे ??

Copyright © 2019 - Swavalamban Pension Yojana | design by WPStuffs

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.