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Atal Pension Yojana Extension
September 8 , 2018
2275 days
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- Union Cabinet has decided to indefinitely extend the Atal Pension Scheme, which lapsed in August 2018. It also has broadened its scope by keeping it open-ended.
- To further incentivize people’s participation in the scheme, the age criterion for participation has been revised. Enrolment age has been relaxed further to 65 years from 60 years.
- Also, all accounts opened after August 2018 will have accident insurance limit of Rs 2 lakh, which is double than the earlier Rs 1 lakh limit.
- Overdraft facility of the scheme was also increased from Rs 5,000 to Rs 10,000.
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