Budget 2025 : The government will provide relief to laborers and workers in the budget. In the first budget of the third term, the Modi government will increase the amount of pension received under the Atal Pension Scheme, which is being run keeping in mind the unorganized sector.
Currently, the maximum pension available under the Atal Pension Scheme is Rs 5,000. The unorganized sector has been demanding to increase the pension amount under Atal Pension for a long time. However, if sources are to be believed, the government can increase the pension amount under Atal Pension to Rs 10,000 in the budget. This proposal is in the final stage of approval.
Atal Pension Yojana pension hike will be announced in the budget
The budget will be presented on Saturday, February 1 this week. A government official told Moneycontrol that the proposal to increase the minimum pension guarantee to Rs 10,000 is in the final stage. The government has almost agreed on this. It is possible that an announcement regarding this will be made in the budget.
When was Atal Pension Yojana started
Prime Minister Narendra Modi launched this scheme on 9 May 2025. Atal Pension Yojana is a social security scheme. The aim of Atal Pension Yojana is to provide financial security to laborers, workers, elderly, especially people belonging to the poor section. This scheme was named after former Prime Minister Atal Bihari Vajpayee. Currently, by investing under this scheme, people get a pension of Rs 1,000 to Rs 5,000 after 60 years. 40 years of age is the maximum limit to enter these investment schemes.
7 crore people have joined Atal Pension Yojana
As of October 2024, more than 7 crore people have joined the Atal Pension Yojana during the financial year 2024-25. This scheme is being run by the Pension Fund Regulatory and Development Authority (PFRDA). Under the scheme, beneficiaries get a maximum minimum guaranteed pension of Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000 or Rs 5,000 every month after the age of 60 according to their investment. The amount of pension depends on your contribution.
You will have to invest this much according to your age
For example, if someone deposits money for a monthly pension of Rs 1,000 at the age of 18, he will have to pay Rs 42 every month. For a pension of Rs 5,000, the maximum pension that will have to be paid is Rs 1,454. If you start investing for a pension of Rs 5,000 at the age of 18, then this money will be reduced.
Eligibility
People between 18 and 40 years of age can invest in this scheme. The applicant must have a bank account. People who pay income tax are not eligible for this scheme. The contribution amount varies according to the pension amount.
Offline method
Go to your bank where you have a savings account. Take the registration form from the bank or download it from their website. Fill in the form with the correct information and choose the pension option. Submit your Aadhaar card and other required documents along with the form. Once the application is accepted, you will receive a message on your registered mobile number.
Online Process
Visit your bank portal or mobile banking app. Login with login ID and password. Search for ‘Social Security Scheme’ or ‘Atal Pension Yojana’. Fill the application form and provide all the required details. Give consent for auto-debit for monthly contribution. Verify the details before submitting the form and then submit it.
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