National Pension System (NPS) and Atal Pension Yojana (APY) are the two flagship schemes of the PFRDA. While the NPS caters to the organised sector employees, the APY is designed to meet the pension needs of those working in the unorganised sector.
NPS vs APY: National Pension System and Atal Pension Yojana are government-run schemes and promise maximum benefits. While the NPS was launched in 2004, the APY was introduced in 2015.
Over 52 lakh new subscribers have joined Atal Pension Yojana (APY) during 2020-21 so far, taking the total enrolment under the government's social security scheme to 2.75 crore at end-December, an official release said.
"In this financial year, the response towards the enrollment of APY was overwhelming and more than 36 lakh APY accounts have been added till October 31, 2019 indicating a growth of 33 per cent in comparison to 26 per cent growth during the corresponding period, last fiscal," the Pension Fund Regulatory and Development Authority (PFRDA) said
The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age which the government is looking into.
There is a need to increase the value of pension under APY, Madnesh Kumar Mishra, Joint Secretary, Department of Financial Services (DFS), said at a conference organised by PFRDA.
New Delhi: Finance Minister Arun Jaitley today said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challenge to the Indian
Mumbai: The Reserve Bank today asked Urban co-operative banks to appoint nodal officers for implementation of the government's flagship scheme, Atal Pension Yojana (APY), which provides for a minimum pension of Rs 1,000-5,000, depending upon
New Delhi: After Jan Dhan, Prime Minister Narendra Modi will launch three mega social security initiatives -- one pension and two insurance schemes on Saturday.The schemes will be launched in Kolkata, capital of West Bengal
Itanagar: Union Minister of State for Home Affairs Kiren Rijiju will launch three universal social security schemes here tomorrow.The Minister would launch the Pradhan Mantri Suraksha Bima Yojna, Pradhan Mantri Jeevan Jyoti Bima Yojna and
New Delhi: Union Home Minister Rajnath Singh today hailed the Budget presented by his colleague Finance Minister Arun Jaitley saying he has presented a “forward looking” and “progressive” one that highlights the contours of ‘new
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