PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
Meeting with Chief Secretary, Maharashtra by Chairman, PFRDA
Chairman, PFRDA met Shri Swadheen S Kshatriya, Chief Secretary, Government of Maharashtra and Secretaries of various departments of the State to solicit their support in offering the Atal Pension Yojana scheme to the unorganized workforce in the State. The Chief Secretary evinced interest in the long term benefits of APY and assured the State Government’s support in all possible ways in reaching out to unorganized workers.
The objective of the meeting was to spread the recently launched flagship pension scheme of the country Atal Pension Yojana throughout the State of Maharashtra. The scheme provides minimum Govt guaranteed monthly pension to subscribers from Rs 1000-Rs 5000 along with GoI co-contribution to eligible subscribers for an amount up to Rs 1000 for a period of five years provided one registers by 31st December 2015. All Indian Citizens in the age group of 18-40 years may join the scheme through any bank branch.
Maharashtra State has a population of 11.23 crores and 38% of the population is in the age group of 18-40 years, which provides a huge opportunity for the scheme.
Atal Pension Yojana(APY ) can be extended to scheme of various State Government departments i.e Department of Women and Child Development , Health Department , Rural Development and Labour Department etc