Atal Pension Yojana: A new budget for the financial year 2025-26 is going to be proposed soon by the Central Government. This budget is going to be announced by the country’s Finance Minister Nirmala Sitharaman. It is being said that this year the Central Government is going to make amendments in various schemes and policies, under which there is speculation to increase the benefit amount in Atal Pension Yojana also.
Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for 2025-26 on 1 February 2025. There is also a possibility of making a big announcement regarding Atal Pension Yojana in this budget. It is being said that the monthly pension amount will be increased under the Atal Pension Scheme. Where the pension of ₹1000 will reach ₹5000. As the pension amount increases, the scope of social security will increase and people will see its direct benefits.
Atal Pension Yojana 2025
Atal Pension Yojana is a pension scheme launched by the Central Government whose main objective is to provide income security after retirement by motivating workers and workers in the unorganized sector to save. Under this scheme, people of low income groups are provided better pension facilities at a minimum contribution. In such a situation, all those workers and employees of the unorganized sector who were not able to avail the benefit of pension facility after retirement are also being provided pension facility in old age through this pension scheme. Till now, a guaranteed pension of Rs 1000, 2000, 3000, 4000, 5000 was provided in this pension scheme. This pension amount is determined on the basis of the age of the pension holder and the contributions made by him.
Let us tell you that during the cabinet meeting last year also, people were expecting that the pension amount of the Atal Pension Yojana would be increased. Although the government has been considering this proposal for a long time, it is expected that the increase in pension will be approved during the upcoming cabinet meeting. Once this approval is received, the minimum guarantee pension amount will increase from Rs 5000 to Rs 10000. With this increase, all the elderly poor and those working in the unorganized sector will get the benefit of additional pension.
What will be special in the upcoming cabinet meeting?
The government is going to decide the financial budget of the country during the upcoming cabinet meeting. In this cabinet meeting, approval is going to be given on increasing the guaranteed pension of Atal Pension Yojana.
How to Get ₹2 Lakh Loan Using Aadhar Card: Quick & Easy Process | No Guarantee Required
EPFO 2025 UAN Login, Download PF Passbook, Online EPF KYC & PF Withdrawal Process
At present, a monthly pension of Rs 1000 to ₹ 5000 is provided in this scheme, but if the scheme is amended then the minimum guaranteed pension will be increased from 2000 to ₹ 10000 per month, meaning everyone will get double the benefit.
What do the current figures of Atal Pension Yojana say?
Atal Pension Yojana is a scheme of the Central Government whose main objective is to provide old age security to the workers and employees of the unorganized sector so that income security in old age can be increased for the elderly. If we discuss the current figures, by October 2024 more than 7 crore registrations have been completed in this scheme. It is expected that between 50 to 60 lakh new customers will be added in the coming year. In this scheme, maximum pension will be provided on minimum contribution where the minimum guaranteed pension amount will be up to ₹ 10000 per month.
Why Atal Pension Yojana better than other schemes?
Atal Pension Yojana has been providing better interest than other pension schemes since its inception. This pension scheme is getting government support due to which this pension scheme is providing the benefits of pension scheme along with savings scheme. At present, maximum interest of 9.01% and minimum of 8% is being provided here. In this pension scheme, maximum interest is given on the minimum contribution made by the pensioner so that he can be provided excellent returns in old age.
Atal Pension Yojana New App 2025
- For the convenience of customers, a new application has also been launched recently under Atal Pension Yojana.
- A dedicated setup has been launched by the Pension Fund Regulatory and Development Authority to administer the Atal Pension Yojana for the customers.
- Customers can install this application from Google Play Store and view complete details of their account by completing the verification process on this application.
- Let us tell you that through this pension app, account holders can check account balance amount, account details, account statement and payment status details.
- A lot of facilities are being provided to the customers through this new application launched under Atal Pension Yojana.
- Whereas now customers do not have to visit the website again and again, rather they can take full advantage of it by using the application through their mobile.
Benefits of Atal Pension Yojana
- Atal Pension Yojana is providing pension benefits to the workers and artisans of the unorganized sector.
- Because of this pension scheme, all those employees who were not getting pension facility till now are also getting security of income in old age.
- Through this pension scheme, account holders are also being provided protection from accidental accidents, illness and death.
- The biggest feature of this pension scheme is that the pension amount is determined on the basis of the amount invested by the candidate in this pension scheme.
- At present the minimum pension investment in this scheme has been fixed at ₹ 40 per month.
- The younger the age at which investment is started in this pension scheme, the more pension the candidate gets.
- After investing in this pension scheme, the investor is also given a rebate of up to Rs 1.5 lakh on maturity under 80C.
Atal Pension Yojana Eligibility Criteria
To avail the benefits of Atal Pension Yojana, the investor will also have to check the following Atal Pension Yojana Eligibility Criteria.
- To invest in this scheme, the minimum age of the investor must be 18 years.
- The maximum age of the candidate investing in the scheme should not exceed 40 years.
- In this scheme, the investor must be a native of India.
- Under the scheme, only those investors are included in the scheme who come from economically backward class or low income groups.
- To avail the benefits of this scheme, it is mandatory for the investor to have his own bank account so that the auto debit facility can be activated.
- In this scheme, applications are accepted only from those investors who have not taken benefit of any other pension scheme.
- Candidates paying income tax or holding government posts are not included in this scheme.
Atal Pension Scheme Implementation
- In Atal Pension Yojana, after the account holder opens the account, the account holder’s account is linked to his bank account.
- To open an account, the account holder has to provide the application form of Atal Pension Yojana, his mobile number, bank account statement and his self-attested authorization letter.
- In this scheme, after opening the account, the account holder has to set auto debit instruction every 3 months, 6 months or once a year.
- On the basis of fixed date, money is transferred to Atal Pension Yojana through auto debit from the account holder’s account.
- Whereas if the account holder does not invest in this scheme for 6 consecutive months, then the account holder’s account is blocked.
- If payment is not made continuously for 12 months, the account holder’s account is deactivated.
- And if the account holder does not invest for 24 months, the account is permanently closed.
DMI Housing Finance 2025: Complete guide for Home / Flat Loan at Low Interest
Conclusion :-
Overall, Atal Pension Yojana is an important scheme for all those people who come from unorganized sector labourers, servants or minimum income group. In this pension scheme, the candidate can get pension in future with minimum investment. In the coming time, the government is also going to increase the minimum guaranteed pension amount of this pension scheme where the pension amount will be ₹ 2000 to ₹ 10,000 instead of ₹ 1000 to ₹ 5000.
FAQ’s: Atal Pension Scheme 2025
What’s the main objective of this pension yojana?
Atal Pension Yojana is a pension scheme launched by the Central Government whose main objective is to provide income security after retirement by motivating workers and workers in the unorganized sector to save.
Will Atal Pension Scheme amount to be increased?
It is expected that the minimum guaranteed pension will be increased from 2000 to ₹ 10000 per month, meaning everyone will get double the benefit.
When will the UNION BUDGET 2025-26 be launched?
It is expected to be launched on 1st February 2025 by Finance Minister Nirmala Sitharaman.