- Auto debit rule will be applied again in Atal Pension Yojana
- Pfrda gave exemption due to corona virus
- Money will be deducted from bank account itself from July
- New Delhi: The government runs atal pension yojana to provide regular income after the age of retirement to those working in the unorganised sector. Under this scheme, minimum pension is guaranteed after the age of 60 years. There is great news for the people associated with the scheme, in fact, on 30th June, the exemption from auto debit in ‘ Atal pension Yojana ‘ (APY-Atal Pension Yojana) is expiring. Which means that auto debit will be resumed once again from the account of those who invest in the scheme from July. The government had scrapped the condition of auto debit of the scheme till June as most of the people availing benefits under the scheme are linked to the lower and unorganized sector.Mushroom cultivation has a great earning opportunity, with modest investments that will earn millionsAlso Read: India records highest single-day spike of 14,516 Covid-19 cases, tally reaches 3,95,048
The Pension Fund Regulatory and Development Authority (PFRDA) had directed banks in April not to deduct money under APY till June 30. Now PFRDA has directed to start auto debit from 1st July, the subscribers of the scheme have been informed through mail.
Penalty will not be charged – although PFRDA has clearly written in the mail that ‘ if your non-deducted APY contribution for April 2020 to August 2020 is not regularised, penalty will not be charged. ‘ ‘
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The Pension Fund Regulatory and Development Authority (PFRDA) claims that the Atal pension scheme launched by Prime Minister Narendra Modi (PM Narendra Modi) in 2015 has involved more than 2.2 crore people in the last five years. This is a very big figure for any scheme. In the last financial year alone, about 70 lakh subscribers are associated with the scheme.
