Excellent Performance of 16 Districts of Jharkhand in Atal Pension Yojana

Why in News?

=> LDMs of 16 districts of Jharkhand, who have performed better under Atal Pension Yojana (APY) of the Central Government, were felicitated in an outreach program organized through video conferencing in association with Pension Fund Regulatory, Development Authority and SLBC.

Key Points:

=> Jharkhand State was given a target of 1,95,220 enrollment for the financial year 2021-22 by PFRDA, against which the achievement was 2,18,516, which is 112 percent of the target.

=> Apart from this, six banks – SBI (198 percent), BOI (147 percent), Jharkhand Rajya Gramin Bank (121 percent), Bank of Baroda (108 percent), Central Bank of India (104 percent) and South Indian Bank (140 percent) was also awarded for his exemplary performance in nominations under APY.

=> It is noteworthy that the Atal Pension Yojana was launched in May 2015 with an aim to create a universal social security system for all Indians, especially the poor, underprivileged and workers in the unorganized sector.

=> Any citizen of India in the age group of 18-40 years can join this.

=> The scheme provides a minimum guaranteed pension of Rs 1000 to Rs 5000 on attaining the age of 60 years.