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• Atal Pension Yojana to supply an outlined pension, relying on the contribution and the interval of contribution. Authorities to contribute 50% of the beneficiaries’ premium restricted to Rs.1,000 each year, for 5 years, in the brand new accounts opened earlier than thirty first December 2015.It focuses on the unorganized sector where practically four hundred million employees representing greater than 80 per cent of all workers are engaged. Atal Pension Yojana would provide a hard and fast minimum pension Rs.One thousand to Rs.5000 per thirty days beginning from the age of 60. The amount of pension will depend on the month-to-month contribution by the employee and the age at which the worker subscribes to the insurance coverage. In any case, the individual will have to subscribe below Atal Pension Yojana for a minimum of 20 years. The most significant part of this Scheme is co-contribution by government of Rs.1000/- per annum or 50% of the total contribution whichever is decrease, for the primary 5 years if one joins the scheme earlier than the top of the first year of its launch, that’s 31 December, 2015.
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