Will laborers also get Rs 10,000 monthly pension? Modi government gave this answer in the Parliament.

By Tezzbuzz On Mar 18, 2023

Changes were made in the Atal Pension Yojana by the Central Government. According to the changes, from October 1, any person filing tax return will not be able to pay contribution to Atal Pension Yojana. Since then there is discussion that the amount of pension will be increased under this scheme. The Pension Fund Regulation and Development Office (PFRDA) had also sent a recommendation in this matter to the Finance Ministry. Now the answer has also come from the government.

no pension increase
The government’s response rejected such a plan, which proposes to increase the amount of Atal Pension Yojana pension. Union Minister of State for Finance Bhagwat Karad said that there has been no increase in the amount of Atal Pension Yojana pension. In response to a question in the Lok Sabha, Bhagwat Karad said that Prime Minister Modi’s government had decided not to increase the amount of Atal Pension Yojana pension.

Account holders will be directly affected
Bhagwat Karad said that if the government increases the pension, it will directly affect the account holders. He said that as the amount of pension increases, the installments of investment made by the account holders will also increase. This will put additional burden on them. We would like to inform you that due to the increase in the subscriber base in APY, PFRDA submitted a proposal to the Government to increase the pension under Atal Pension Yojana.

Pension Plate Rs 1000 to 5000
Explain that the government has started this program for the workers working in the unorganized sector. Currently, there are 5 pension boards ranging from Rs 1,000 to Rs 5,000 that can be invested in this scheme. They are demanding to increase it to 10 thousand. However, the government declined to take such a step. As per the rules, anyone in the age group of 18 to 40 years (except income tax payers) can join this government pension scheme and get a pension of Rs 1,000 to 5,000 per month after reaching the age of 60 years .