Tweets from MEA India
Tweets by MEAIndia
Friday, June 22, 2018
Thursday, June 7, 2018
Prime Minister interacts with the beneficiaries of Central Government health care schemes
Explaining the importance of healthcare and wellness, Prime Minister said that health is the basis for all success and prosperity. He added that that India would become great and healthy only when its 125 crore citizens are healthy.
Interacting with the beneficiaries, Shri Modi said that illness not only creates a huge financial burden on families, especially poor and middle class, but also affects our socio economic sectors. Hence, it is the endeavour of the government to ensure affordable healthcare to every citizen. Prime Minister added that Pradhan Mantri Bhartiya Janaushadhi Pariyojna was launched with this intention so that poor, lower middle class and middle class get access to affordable medicines and their financial burden is reduced.
Government has opened more than 3600 Jan Aushadhi Kendras all over the country, where more than 700 generic medicines are available at affordable price. The cost of medicines at Jan Aushadhi Kendras are 50-90% less than the market price, Prime Minister said and added that the number of Jan Aushadhi Kendras will reach over 5000 in the near future.
Talking about health stents, Prime Minister Shri Modi said that earlier citizens had to sell or mortgage property to purchase health stents. He added that, the government has reduced the prices of stents substantially to help poor and middle class. The cost of heart stents have reduced from around Rs. 2 lakh to Rs. 29000.
During the interaction, Shri Narendra Modi said that the Government has reduced knee transplant prices by 60 - 70%, thereby bringing down the cost from Rs. 2.5 lakh to around Rs.70, 000 – 80,000. It is estimated that around 1 to 1.5 lakh knee operations happen in India every year. On that account, the reduction in knee transplant prices has saved close to Rs.1500 crore for public.
Through Pradhan Mantri Rashtriya Dialysis Program, Government has performed more than 22 lakh dialysis sessions for 2.25 lakh patients in more than 500 districts. More than 3.15crore children and 80 lakh pregnant women have been vaccinatedin 528 districts through Mission Indradhanush. In order to ensure more beds, more hospitals and more doctors, Government has opened 92 medical colleges and increased MBBS seats by 15000.
Prime Minister said that to make healthcare affordable and accessible, Government launched the Ayushman Bharat scheme. Under Ayushman Bharat, 10 crore families will be covered with health insurance of Rs. 5 lakh. Talking about ‘Swachh Bharat Mission’, Prime Minister said that the scheme is playing a central role in creating a healthy India. Due to the Swachh Bharat Abhiyan, there are now 3.5 lakh open defecation free villages in India and the sanitation coverage has increased by 38%.
Interacting with the Prime Minister, beneficiaries explained how Pradhan Mantri Bhartiya Janaushadhi Pariyojna brought down the cost of the medicines and made it affordable. Beneficiaries also talked about how reduced prices of heart stent and knee transplants have changed their life.
Prime Minister also appealed to the public to take up Yoga, make it part of life style and thereby help in building a healthy nation.
Wednesday, June 6, 2018
Thursday, July 2, 2015
Pradhan Mantri Krishi Sinchayee Yojana - a irrigation scheme for farmers.
Cabinet Committee on Economic Affairs approves Pradhan Mantri Krishi Sinchayee Yojana
Objective of PMKSY: To achieve convergence of investments in irrigation at field level, expand cultivable area under assured irrigation
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval to a new scheme the “Pradhan Mantri Krishi Sinchayee Yojana” (PMKSY). It will have an outlay of Rs. 50,000 crore over a period of five years (2015-16 to 2019-20). The allocation for the current financial year is Rs. 5300 crore.
The major objective of the PMKSY is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation (Har Khet ko pani), improve on-farm water use efficiency to reduce wastage of water, enhance the adoption of precision-irrigation and other water saving technologies (More crop per drop), enhance recharge of aquifers and introduce sustainable water conservation practices by exploring the feasibility of reusing treated municipal based water for peri-urban agriculture and attract greater private investment in precision irrigation system. The scheme also aims at bringing concerned Ministries/Departments/Agencies/Research and Financial Institutions engaged in creation/use/recycling/potential recycling of water, brought under a common platform, so that a comprehensive and holistic view of the entire "water cycle" is taken into account and proper water budgeting is done for all sectors namely, household, agriculture and industries.
The programme architecture of PMKSY aims at a 'decentralized State level planning and execution' structure, in order to allow States to draw up a District Irrigation Plan (DIP) and a State Irrigation Plan (SIP). DIP will have holistic developmental perspective of the district outlining medium to long term developmental plans integrating three components namely, water sources, distribution network and water use application of the district to be prepared at two levels - the block and the district. All structures created under the schemes will be geotagged.
The programme will be supervised and monitored at the national level by an Inter-Ministerial National Steering Committee (NSC) under the Chairmanship of the Prime Minister with Union Ministers of all concerned Ministries. A National Executive Committee (NEC) is to be constituted under the Chairmanship of the Vice Chairman, NITI Aayog to oversee programme implementation, allocation of resources, inter ministerial coordination, monitoring and performance assessment, addressing administrative issues etc. At the state level the scheme is to be administered by a State Level Sanctioning Committee (SLSC) to be Chaired by the Chief Secretary of the respective States. The committee will have all authority to sanction the project and also monitor the progress of the scheme. At the district level their shall be a district level implementation committee for ensuring last mile coordination a the field level.
It is expected that PMKSY will provide convergence to existing schemes of water management, thus bringing efficiency to the use of water.
Background:
In the last one year, the Government of India has taken several farmer friendly initiatives. These, amongst other things, include the following:
- A new scheme has been introduced to issue a Soil Health Card to every farmer. Soil Health Management in the country is being promoted through setting up of soil and fertilizer testing laboratories. 34 lakh soil samples has been collected and analysis is continuing.
- A new scheme for promoting organic farming "Pramparagat Krishi Vikas Yojana" has been launched to promote organic farming.
- A dedicated Kisan Channel has been started by Doordarshan to address various issues concerning farmers.
- Government is also encouraging formation of Farmer Producer organizations.
- Assistance to farmers, as input subsidy, has been increased by 50 percent in case of natural calamities.
- Norms have been relaxed to provide assistance from previous norm of crop loss of more than 50 percent to 33 percent to farmers afflicted by natural calamities.
- Minimum Support Price (MSP) for various Kharif crops has been increased. Bonus of Rs.200 per quintal has been announced for pulses. Area coverage under pulses has increased over the last year.
Taking it further, today the Cabinet Committee on Economic Affairs, chaired by the Prime Minister has given its approval to two new schemes in agriculture sector. These are the PMKSY and Promotion of National Agriculture Market.
Wednesday, July 1, 2015
Selfie With Daughter - A Boost To Beti Bachao Beti Padao Andholan
Prime Minister Shri Narendra Modi while praising the initiative of sarpanch of Haryana's Bibipur village in his radio address 'Mann Ki Baat', Modi urged people to share selfie with their daughters along with a tagline for his government's initiative 'Beti Bachao Beti Padhao'.
Bibipur village sarpanch Sunil Jaglan had started "selfie with daughter" competition wherein fathers were to post their 'selfies' with their daughters.
And what a great initiative it has been, internet is flooded with selfie from all over the world, Indians, Americans, Africans , Europeans likewise everyone has taken this initiative with great enthusiasm. Immense response has been generated and Indians are flooding the internet with their selfies with daughters. You if didn't share yours share it and spread awareness among people. Here are the few snaps from internet with #selfiewithdaughter hashtag.
Tuesday, June 30, 2015
PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA
RULES FOR PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA
DETAILS OF THE SCHEME:
The scheme will be a one year cover, renewable from year to year, Insurance Scheme
offering life insurance cover for death due to any reason. The scheme would be offered
/ administered through LIC and other Life Insurance companies willing to offer the
product on similar terms with necessary approvals and tie ups with Banks for this
purpose. Participating banks will be free to engage any such life insurance company for
implementing the scheme for their subscribers.
Scope of coverage: All savings bank account holders in the age 18 to 50 years in
participating banks will be entitled to join. In case of multiple saving bank accounts held
by an individual in one or different banks, the person would be eligible to join the
scheme through one savings bank account only. Aadhar would be the primary KYC for
the bank account.
Enrolment period: Initially on launch for the cover period 1st June 2015 to 31st May
2016, subscribers will be required to enroll and give their auto-debit consent by 31st May
2015. Late enrollment for prospective cover will be possible up to 31st August 2015,
which may be extended by Govt. of India for another three months, i.e. up to 30th of
November, 2015. Those joining subsequently may be able to do so with payment of full
annual premium for prospective cover, with submission of a self-certificate of good
health in the prescribed proforma.
Enrolment Modality: The cover shall be for the one year period stretching from 1st
June to 31st May for which option to join / pay by auto-debit from the designated savings
bank account on the prescribed forms will be required to be given by 31st May of every
year, with the exception as above for the initial year. Delayed enrollment with payment
of full annual premium for prospective cover may be possible with submission of a self-certificate of good health.
Individuals who exit the scheme at any point may re-join the scheme in future years by submitting a declaration of good health in the prescribed proforma.
In future years, new entrants into the eligible category or currently eligible individuals who did not join earlier or discontinued their subscription shall be able to join while the scheme is continuing, subject to submission of self-certificate of good health.
Benefits: Rs.2 lakhs is payable on member’s death due to any reason
Premium: Rs.330/- per annum per member. The premium will be deducted from the
account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option given, on or before 31st May of each annual coverage period under the scheme. Delayed enrollment for prospective cover after 31st May will be possible with full payment of annual premium and submission of a self-certificate of good health. The premium would be reviewed based on annual claims experience. However, barring unforeseen adverse outcomes of extreme nature, efforts would be made to ensure that
there is no upward revision of premium in the first three years.
Eligibility Conditions:
a) The savings bank account holders of the participating banks aged between 18
years (completed) and 50 years (age nearer birthday) who give their consent to
join / enable auto-debit, as per the above modality, will be enrolled into the
scheme.
b) Individuals who join after the initial enrollment period extending up to 31st August 2015 or 30th November 2015, as the case may be, will be required to give a self-
certification of good health and that he / she does not suffer from any of the
critical illnesses as mentioned in the applicable Consent cum Declaration form as on date of enrollment or earlier.
Master Policy Holder: Participating Banks will be the Master policy holders. A simple
and subscriber friendly administration & claim settlement process shall be finalized by LIC / other insurance company in consultation with the participating bank.
Termination of assurance: The assurance on the life of the member shall terminate on any of the following events and no benefit will become payable there under:
1) On attaining age 55 years (age near birth day) subject to annual renewal up to
that date (entry, however, will not be possible beyond the age of 50 years).
2) Closure of account with the Bank or insufficiency of balance to keep the
insurance in force.
3) In case a member is covered under PMJJBY with LIC of India / other company
through more than one account and premium is received by LIC / other company inadvertently, insurance cover will be restricted to Rs. 2 Lakh and the premium shall be liable to be forfeited.
4) If the insurance cover is ceased due to any technical reasons such as insufficient
balance on due date or due to any administrative issues, the same can be
reinstated on receipt of full annual premium and a satisfactory statement of good health.
5) Participating Banks shall remit the premium to insurance companies in case of
regular enrolment on or before 30th of June every year and in other cases in the
same month when received.
Administration:
The scheme, subject to the above, will be administered by the LIC P&GS Units / other
insurance company setups. The data flow process and data proforma will be informed separately.
It will be the responsibility of the participating bank to recover the appropriate annual premium in one installment, as per the option, from the account holders on or before the
due date through ‘auto-debit’ process.
Members may also give one-time mandate for auto-debit every year till the scheme is in force. Enrollment form / Auto-debit authorization / Consent cum Declaration form in the prescribed proforma shall be obtained and retained by the participating bank. In case of claim, LIC / insurance company may seek submission of the same. LIC / Insurance Company reserves the right to call for these documents at any point of time.
The acknowledgement slip may be made into an acknowledgement slip-cum-certificate of insurance.
The experience of the scheme will be monitored on yearly basis for re-calibration etc., as may be necessary.
Appropriation of Premium:
1) Insurance Premium to LIC / insurance company : Rs.289/- per annum per member
2) Reimbursement of Expenses to BC/Micro/Corporate/Agent : Rs.30/- per annum per member
3) Reimbursement of Administrative expenses to participating Bank: Rs.11/- per
annum per member
The next Annual renewal date shall be each successive 1st of June in subsequent years.
The scheme is liable to be discontinued prior to commencement of a new future renewal date if circumstances so require.
DETAILS OF THE SCHEME:
The scheme will be a one year cover, renewable from year to year, Insurance Scheme
offering life insurance cover for death due to any reason. The scheme would be offered
/ administered through LIC and other Life Insurance companies willing to offer the
product on similar terms with necessary approvals and tie ups with Banks for this
purpose. Participating banks will be free to engage any such life insurance company for
implementing the scheme for their subscribers.
Scope of coverage: All savings bank account holders in the age 18 to 50 years in
participating banks will be entitled to join. In case of multiple saving bank accounts held
by an individual in one or different banks, the person would be eligible to join the
scheme through one savings bank account only. Aadhar would be the primary KYC for
the bank account.
Enrolment period: Initially on launch for the cover period 1st June 2015 to 31st May
2016, subscribers will be required to enroll and give their auto-debit consent by 31st May
2015. Late enrollment for prospective cover will be possible up to 31st August 2015,
which may be extended by Govt. of India for another three months, i.e. up to 30th of
November, 2015. Those joining subsequently may be able to do so with payment of full
annual premium for prospective cover, with submission of a self-certificate of good
health in the prescribed proforma.
Enrolment Modality: The cover shall be for the one year period stretching from 1st
June to 31st May for which option to join / pay by auto-debit from the designated savings
bank account on the prescribed forms will be required to be given by 31st May of every
year, with the exception as above for the initial year. Delayed enrollment with payment
of full annual premium for prospective cover may be possible with submission of a self-certificate of good health.
Individuals who exit the scheme at any point may re-join the scheme in future years by submitting a declaration of good health in the prescribed proforma.
In future years, new entrants into the eligible category or currently eligible individuals who did not join earlier or discontinued their subscription shall be able to join while the scheme is continuing, subject to submission of self-certificate of good health.
Benefits: Rs.2 lakhs is payable on member’s death due to any reason
Premium: Rs.330/- per annum per member. The premium will be deducted from the
account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option given, on or before 31st May of each annual coverage period under the scheme. Delayed enrollment for prospective cover after 31st May will be possible with full payment of annual premium and submission of a self-certificate of good health. The premium would be reviewed based on annual claims experience. However, barring unforeseen adverse outcomes of extreme nature, efforts would be made to ensure that
there is no upward revision of premium in the first three years.
Eligibility Conditions:
a) The savings bank account holders of the participating banks aged between 18
years (completed) and 50 years (age nearer birthday) who give their consent to
join / enable auto-debit, as per the above modality, will be enrolled into the
scheme.
b) Individuals who join after the initial enrollment period extending up to 31st August 2015 or 30th November 2015, as the case may be, will be required to give a self-
certification of good health and that he / she does not suffer from any of the
critical illnesses as mentioned in the applicable Consent cum Declaration form as on date of enrollment or earlier.
Master Policy Holder: Participating Banks will be the Master policy holders. A simple
and subscriber friendly administration & claim settlement process shall be finalized by LIC / other insurance company in consultation with the participating bank.
Termination of assurance: The assurance on the life of the member shall terminate on any of the following events and no benefit will become payable there under:
1) On attaining age 55 years (age near birth day) subject to annual renewal up to
that date (entry, however, will not be possible beyond the age of 50 years).
2) Closure of account with the Bank or insufficiency of balance to keep the
insurance in force.
3) In case a member is covered under PMJJBY with LIC of India / other company
through more than one account and premium is received by LIC / other company inadvertently, insurance cover will be restricted to Rs. 2 Lakh and the premium shall be liable to be forfeited.
4) If the insurance cover is ceased due to any technical reasons such as insufficient
balance on due date or due to any administrative issues, the same can be
reinstated on receipt of full annual premium and a satisfactory statement of good health.
5) Participating Banks shall remit the premium to insurance companies in case of
regular enrolment on or before 30th of June every year and in other cases in the
same month when received.
Administration:
The scheme, subject to the above, will be administered by the LIC P&GS Units / other
insurance company setups. The data flow process and data proforma will be informed separately.
It will be the responsibility of the participating bank to recover the appropriate annual premium in one installment, as per the option, from the account holders on or before the
due date through ‘auto-debit’ process.
Members may also give one-time mandate for auto-debit every year till the scheme is in force. Enrollment form / Auto-debit authorization / Consent cum Declaration form in the prescribed proforma shall be obtained and retained by the participating bank. In case of claim, LIC / insurance company may seek submission of the same. LIC / Insurance Company reserves the right to call for these documents at any point of time.
The acknowledgement slip may be made into an acknowledgement slip-cum-certificate of insurance.
The experience of the scheme will be monitored on yearly basis for re-calibration etc., as may be necessary.
Appropriation of Premium:
1) Insurance Premium to LIC / insurance company : Rs.289/- per annum per member
2) Reimbursement of Expenses to BC/Micro/Corporate/Agent : Rs.30/- per annum per member
3) Reimbursement of Administrative expenses to participating Bank: Rs.11/- per
annum per member
The next Annual renewal date shall be each successive 1st of June in subsequent years.
The scheme is liable to be discontinued prior to commencement of a new future renewal date if circumstances so require.
Atal Pension Yojana Complete details
Atal Pension yojana toll free number
1800-180-1111
1800-110-001
1. What is Pension? Why do I need it?
A Pension provides people with a monthly income when they are no longer earning.
Need for Pension:
Decreased income earning potential with age.
The rise of nuclear family-Migration of earning members.
Rise in cost of living.
Increased longevity.
Assured monthly income ensures dignified life in old age.
2. What is Atal Pension Yojana?
Atal Pension Yojana (APY), is a pension scheme for citizens of India focussed on the
unorganised sector workers. Under the APY, guaranteed minimum pension of Rs.
1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month will be given at the age of 60
years depending on the contributions by the subscribers.
3. Who can subscribe to APY?
Any Citizen of India can join APY scheme. The following are the eligibility criteria,
i The age of the subscriber should be between 18 - 40 years.
ii He / She should have a savings bank account/ open a savings bank account.
iii The prospective applicant should be in possession of mobile number and its
details are to be furnished to the bank during registration.
Government co-contribution is available for 5 years, i.e., from 2015-16 to 2019-20 for
the subscribers who join the scheme during the period from 1st June, 2015 to 31st
December, 2015 and who are not covered by any Statutory Social Security Schemes
and are not income tax payers.
Who are the other social security schemes beneficiaries not eligible to receive
Government co-contribution under APY?
Beneficiaries who are covered under statutory social security schemes are not eligible
to receive Government co-contribution. For example, members of the Social Security
Schemes under the following enactments would not be eligible to receive Government
co-contribution:
i. Employees’ Provident Fund & Miscellaneous Provision Act, 1952.
ii. The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948.
iii. Assam Tea PlantationProvident Fund and Miscellaneous Provision, 1955.
iv. Seamens’ Provident Fund Act, 1966.
v. Jammu Kashmir Employees’ Provident Fund & Miscellaneous Provision Act,
1961.
vi. Any other statutory social security scheme.
5. How much pension will be received under APY?
Guaranteed minimum pension of Rs 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per
month will be given at the age of 60 years depending on the contributions by the
subscribers.
6. What is the benefit in joining APY scheme?
In APY, Government will co-contribute 50% of the total contribution or Rs. 1,000/- per
annum, whichever is lower, to the eligible APY account holders who join the scheme
during the period 1st June, 2015 to 31st December, 2015. The Government co-
contribution will be given for 5 years from FY 2015-16 to 2019-20.
7. How are the contributions of APY invested?
The contributions under APY are invested as per the investment guidelines prescribed
by Ministry of Finance, Government of India. The APY scheme is administered by
PFRDA/GOVERNMENT.
8. What is the procedure for opening APY Account?
i Approach the bank branch where individual’s savings bank account is held.
ii Fill up the APY registration form.
iii Provide Aadhaar/Mobile Number.
iv Ensure keeping the required balance in the savings bank account for transfer of
monthly contribution.
9. Whether Aadhaar Number is compulsory for joining the scheme?
It is not mandatory to provide Aadhaar number for opening APY account. However,
For enrolment, Aadhaar would be the primary KYC document for identification of
beneficiaries, spouse and nominees to avoid pension rights and entitlement related
disputes in the long-term.
10.Can I open APY Account without savings bank account?
No. For joining APY, savings bank account is mandatory.
11.What is the mode of contribution to the account?
All the contributions are to be remitted monthly through auto-debit facility from
savings bank account of the subscriber.
12.What is the due date for monthly contribution?
The due date for monthly contribution will be as per the initial date of deposit of
contribution into APY.
13.What will happen if required or sufficient amount is not maintained in the savings
bank account for contribution on the due date?
Non-maintenance of required balance in the savings bank account for contribution on the
specified date will be considered as default. Banks are required to collect additional
amount for delayed payments, such amount will vary from minimum Re 1 per month to Rs
10/- per month as shown below:
i. Re. 1 per month for contribution upto Rs. 100 per month.
ii. Re. 2 per month for contribution upto Rs. 101 to 500/- per month.
iii. Re 5 per month for contribution between Rs 501/- to 1000/- per month.
iv. Rs 10 per month for contribution beyond Rs 1001/- per month.
Discontinuation of payments of contribution amount shall lead to following:
After 6 months account will be frozen.
After 12 months account will be deactivated.
After 24 months account will be closed.
Subscriber should ensure that the Bank account to be funded enough for auto debit of
contribution amount.
The fixed amount of interest/penalty will remain as part of the pension corpus of the
subscriber.
14.How much should I invest in APY to get the guaranteed pension of Rs. 1000?
Age of Years of Indicative monthly
Joining contribution Contribution
18 42. 42
20. 40. 50
25 35 76
30 30 116
35 25. 181
40 20. 291
All the contributions are to be remitted monthly through auto debit facility from
savings bank account of the subscriber.
*For detailed age wise contribution refer Annexure 1.
15.Is it required to furnish nomination while joining the scheme?
Yes. It is mandatory to provide nominee details in APY account. The spouse details are
also mandatory wherever applicable. Their aadhaar details are also to be provided.
16.How many APY accounts I can open?
A subscriber can open only one APY account and it is unique.
17.Will there be any option to increase or decrease the monthly contribution for higher
or lower pension amount?
The subscribers can opt to decrease or increase pension amount during the course of
accumulation phase, as per the available monthly pension amounts. However, the
switching option shall be provided once in year during the month of April.
18.What is the withdrawal procedure from APY?
A. On attaining the age of 60 years:
The exit from APY is permitted at the age with 100% annuitisation of pension wealth.
On exit, pension would be available to the subscriber.
B. In case of death of the Subscriber due to any cause:
In case of death of subscriber pension would be available to the spouse and on the death of both of them (subscriber and spouse), the pension corpus would be
returned to his nominee.
C. Exit Before the age of 60 Years:
The Exit before age 60 would be permitted only in exceptional circumstances, i.e., in
the event of the death of beneficiary or terminal disease.
19.How will I know the status of my contribution?
The status of contributions will be intimated to the registered mobile number of the
subscriber by way of periodical SMS alerts. The Subscriber will also be receiving
physical Statement of Account.
20.Will I get any statement of transactions?
Yes. Periodic statement of APY account will be provided to the subscribers.
21.If I move my residence/city, how can I make contributions to APY account?
The contributions may be remitted through auto debit uninterruptedly even in case of
dislocation.
22.What will happen to existing subscribers in Swavalamban Yojana?
All the registered subscribers under Swavalamban Yojana aged between 18-40 yrs will
be automatically migrated to APY with an option to opt out. However, the benefit of
five years of Government Co-contribution under APY would be available only to the
extent availed by the Swavalamban subscriber already. This would imply that if, as a
Swavalamban beneficiary, he has received the benefit of government Co-Contribution
of 1 year, then the Government co-contribution under APY would be available only for
4 years and so on. Existing Swavalamban beneficiaries opting out from the proposed
APY will be given Government co-contribution till 2016-17, if eligible, and the NPS Swavalamban continued till such people attain the age of exit under that scheme.
Other subscribers above 40 years who do not wish to continue may opt out of the
scheme with lump sum withdrawal.
Subscribers above 40 years may also opt to continue till the age of 60 years and
eligible for annuities.
The existing Swavalamban scheme may be automatically migrated to APY
1800-180-1111
1800-110-001
1. What is Pension? Why do I need it?
A Pension provides people with a monthly income when they are no longer earning.
Need for Pension:
Decreased income earning potential with age.
The rise of nuclear family-Migration of earning members.
Rise in cost of living.
Increased longevity.
Assured monthly income ensures dignified life in old age.
2. What is Atal Pension Yojana?
Atal Pension Yojana (APY), is a pension scheme for citizens of India focussed on the
unorganised sector workers. Under the APY, guaranteed minimum pension of Rs.
1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month will be given at the age of 60
years depending on the contributions by the subscribers.
3. Who can subscribe to APY?
Any Citizen of India can join APY scheme. The following are the eligibility criteria,
i The age of the subscriber should be between 18 - 40 years.
ii He / She should have a savings bank account/ open a savings bank account.
iii The prospective applicant should be in possession of mobile number and its
details are to be furnished to the bank during registration.
Government co-contribution is available for 5 years, i.e., from 2015-16 to 2019-20 for
the subscribers who join the scheme during the period from 1st June, 2015 to 31st
December, 2015 and who are not covered by any Statutory Social Security Schemes
and are not income tax payers.
Who are the other social security schemes beneficiaries not eligible to receive
Government co-contribution under APY?
Beneficiaries who are covered under statutory social security schemes are not eligible
to receive Government co-contribution. For example, members of the Social Security
Schemes under the following enactments would not be eligible to receive Government
co-contribution:
i. Employees’ Provident Fund & Miscellaneous Provision Act, 1952.
ii. The Coal Mines Provident Fund and Miscellaneous Provision Act, 1948.
iii. Assam Tea PlantationProvident Fund and Miscellaneous Provision, 1955.
iv. Seamens’ Provident Fund Act, 1966.
v. Jammu Kashmir Employees’ Provident Fund & Miscellaneous Provision Act,
1961.
vi. Any other statutory social security scheme.
5. How much pension will be received under APY?
Guaranteed minimum pension of Rs 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per
month will be given at the age of 60 years depending on the contributions by the
subscribers.
6. What is the benefit in joining APY scheme?
In APY, Government will co-contribute 50% of the total contribution or Rs. 1,000/- per
annum, whichever is lower, to the eligible APY account holders who join the scheme
during the period 1st June, 2015 to 31st December, 2015. The Government co-
contribution will be given for 5 years from FY 2015-16 to 2019-20.
7. How are the contributions of APY invested?
The contributions under APY are invested as per the investment guidelines prescribed
by Ministry of Finance, Government of India. The APY scheme is administered by
PFRDA/GOVERNMENT.
8. What is the procedure for opening APY Account?
i Approach the bank branch where individual’s savings bank account is held.
ii Fill up the APY registration form.
iii Provide Aadhaar/Mobile Number.
iv Ensure keeping the required balance in the savings bank account for transfer of
monthly contribution.
9. Whether Aadhaar Number is compulsory for joining the scheme?
It is not mandatory to provide Aadhaar number for opening APY account. However,
For enrolment, Aadhaar would be the primary KYC document for identification of
beneficiaries, spouse and nominees to avoid pension rights and entitlement related
disputes in the long-term.
10.Can I open APY Account without savings bank account?
No. For joining APY, savings bank account is mandatory.
11.What is the mode of contribution to the account?
All the contributions are to be remitted monthly through auto-debit facility from
savings bank account of the subscriber.
12.What is the due date for monthly contribution?
The due date for monthly contribution will be as per the initial date of deposit of
contribution into APY.
13.What will happen if required or sufficient amount is not maintained in the savings
bank account for contribution on the due date?
Non-maintenance of required balance in the savings bank account for contribution on the
specified date will be considered as default. Banks are required to collect additional
amount for delayed payments, such amount will vary from minimum Re 1 per month to Rs
10/- per month as shown below:
i. Re. 1 per month for contribution upto Rs. 100 per month.
ii. Re. 2 per month for contribution upto Rs. 101 to 500/- per month.
iii. Re 5 per month for contribution between Rs 501/- to 1000/- per month.
iv. Rs 10 per month for contribution beyond Rs 1001/- per month.
Discontinuation of payments of contribution amount shall lead to following:
After 6 months account will be frozen.
After 12 months account will be deactivated.
After 24 months account will be closed.
Subscriber should ensure that the Bank account to be funded enough for auto debit of
contribution amount.
The fixed amount of interest/penalty will remain as part of the pension corpus of the
subscriber.
14.How much should I invest in APY to get the guaranteed pension of Rs. 1000?
Age of Years of Indicative monthly
Joining contribution Contribution
18 42. 42
20. 40. 50
25 35 76
30 30 116
35 25. 181
40 20. 291
All the contributions are to be remitted monthly through auto debit facility from
savings bank account of the subscriber.
*For detailed age wise contribution refer Annexure 1.
15.Is it required to furnish nomination while joining the scheme?
Yes. It is mandatory to provide nominee details in APY account. The spouse details are
also mandatory wherever applicable. Their aadhaar details are also to be provided.
16.How many APY accounts I can open?
A subscriber can open only one APY account and it is unique.
17.Will there be any option to increase or decrease the monthly contribution for higher
or lower pension amount?
The subscribers can opt to decrease or increase pension amount during the course of
accumulation phase, as per the available monthly pension amounts. However, the
switching option shall be provided once in year during the month of April.
18.What is the withdrawal procedure from APY?
A. On attaining the age of 60 years:
The exit from APY is permitted at the age with 100% annuitisation of pension wealth.
On exit, pension would be available to the subscriber.
B. In case of death of the Subscriber due to any cause:
In case of death of subscriber pension would be available to the spouse and on the death of both of them (subscriber and spouse), the pension corpus would be
returned to his nominee.
C. Exit Before the age of 60 Years:
The Exit before age 60 would be permitted only in exceptional circumstances, i.e., in
the event of the death of beneficiary or terminal disease.
19.How will I know the status of my contribution?
The status of contributions will be intimated to the registered mobile number of the
subscriber by way of periodical SMS alerts. The Subscriber will also be receiving
physical Statement of Account.
20.Will I get any statement of transactions?
Yes. Periodic statement of APY account will be provided to the subscribers.
21.If I move my residence/city, how can I make contributions to APY account?
The contributions may be remitted through auto debit uninterruptedly even in case of
dislocation.
22.What will happen to existing subscribers in Swavalamban Yojana?
All the registered subscribers under Swavalamban Yojana aged between 18-40 yrs will
be automatically migrated to APY with an option to opt out. However, the benefit of
five years of Government Co-contribution under APY would be available only to the
extent availed by the Swavalamban subscriber already. This would imply that if, as a
Swavalamban beneficiary, he has received the benefit of government Co-Contribution
of 1 year, then the Government co-contribution under APY would be available only for
4 years and so on. Existing Swavalamban beneficiaries opting out from the proposed
APY will be given Government co-contribution till 2016-17, if eligible, and the NPS Swavalamban continued till such people attain the age of exit under that scheme.
Other subscribers above 40 years who do not wish to continue may opt out of the
scheme with lump sum withdrawal.
Subscribers above 40 years may also opt to continue till the age of 60 years and
eligible for annuities.
The existing Swavalamban scheme may be automatically migrated to APY
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