Govt Scheme: These 4 pension schemes of Modi government will give you great support in your old age, know all the details
Various schemes are being implemented by the government of Prime Minister Narendra Modi to empower the youth and women of the country and to secure the future of the people. Modi government has launched many such pension schemes in the last 9 years. By which people’s old age is protected. Central Government’s Karmayogi Mandhan Yojana, Pradhan Mantri Vaya Vandana Yojana, Atal Pension Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. Let’s know about these plans in detail.
The Government of India has come up with many schemes for the senior citizens of the country, in which every citizen gets support in old age. By the present government, the government is helping all the citizens of the country i.e. from small children to the elderly and women in various matters. Then Modi government is providing a big support even in old age, read all the information here.
Pradhan Mantri Vaya Vandana Yojana
Pradhan Mantri Vaya Vandana Yojana was launched by the Government of India for the senior citizens of the country. This is a pension scheme. Under this scheme, if senior citizens aged 60 years or above opt for the monthly pension option, they will get 8 percent interest for 10 years. If he chooses the annual pension option, he will get 8.3 percent interest for 10 years. The maximum investment limit under this scheme was earlier Rs 7.5 lakh, which has now been increased to Rs 15 lakh.
Pradhan Mantri Karmayogi Mandhan Yojana
Pradhan Mantri Karmayogi Mandhan Yojana was launched by Union Finance Minister Nirmala Sitharaman. Small shopkeepers, industrialists and traders in the country who are registered under GST and whose annual turnover is up to Rs 1.5 crore will be accepted as beneficiaries under this scheme.
Small businessmen and traders applying for this scheme should be between 18 to 40 years of age. In which after the age of 60 years, the beneficiary will be given an amount of Rs 3000 per month as pension. For this, 18-year-olds will have to pay a minimum premium of Rs 55 per month and 40-year-olds will have to pay a maximum premium of Rs 200 per month. Under this scheme, the amount received as pension will be directly transferred to the beneficiary’s bank account.
Atal Pension Scheme
Atal Pension Yojana was launched by Prime Minister Narendra Modi on June 1, 2015. This scheme provides pension on completion of 60 years of age. To avail the benefits of this scheme, the beneficiary has to invest between the age of 18 years to 40 years. Through this scheme, a monthly pension ranging from 1000 to 5000 rupees is given to the beneficiaries. In case of premature death, the benefit of this scheme is given to the beneficiary’s family. If a beneficiary wants to join the scheme at the age of 18 years So he has to pay a premium of Rs.210 per month and he who is 40 years old, he has to pay Rs. 297 to Rs. 1,454 has to be paid as premium.
Pradhan Mantri Jeevan Jyoti Bima Yojana
The Prime Minister Jeevan Jyoti Insurance Scheme is a government-backed life insurance scheme in India. It was originally mentioned in February 2015 by the then Finance Minister late Arun Jaitley in his Budget 2015 speech. It was formally launched by Prime Minister Narendra Modi on May 9 in Kolkata.
Pradhan Mantri Jeevan Jyoti Bima Yojana is available to bank account holders in the age group of 18 to 50 years. Its annual premium is Rs 436. Pradhan Mantri Jeevan Jyoti Bima Yojana is exempted from GST. The amount will be automatically debited from the account on or before 31st May every year. The period for which insurance is covered is 12 months ie from 1st June to 31st May. Those who register for the auto debit facility will have auto renewal for up to 55 years.