INSUBCONTINENT EXCLUSIVE:
scheme focused on the unorganised sector
The pension scheme - Atal Pension Yojana - allows persons between 18 and 40 years of age to invest for up to 20 years to earn a fixed
monthly pension of Rs 1,000-Rs 5,000 after attaining retirement - at age 60 years, according to regulator Pension Fund Regulatory and
Development Authority (PFRDA)'s website - pfrda.org.in
Subscribing to the Atal pension scheme at an early age minimises the contribution required to reach the desired monthly pension, maximising
Yojana (APY) to reach a goal of Rs 1,000 per month after attaining retirement, according to the National Securities Depository (NSDL)'s
required in Atal Pension Yojana (APY) to reach a goal of Rs 2,000 per month after attaining retirement, according to the NSDL website:Fixed
Yojana (APY) to reach a goal of Rs 3,000 per month after attaining retirement, according to the NSDL website:Fixed monthly pension of Rs
goal of Rs 4,000 per month after attaining retirement, according to the NSDL website:Fixed monthly pension of Rs 4,000 vs contribution
month after attaining retirement, according to the NSDL website:Fixed monthly pension of Rs 5,000 vs contribution period under Atal Pension
That means the pension scheme requires the investor to make a minimum of two contributions every year
For instance, an investor subscribing for the Atal scheme at the age of 18 years is required to pay Rs 42 per month to reach a pension goal
