Atal Pension Scheme: a better option for villagers laborers and low income group people.
What is it? When a new government came to power in 2014, it felt the need for a strong state pension scheme in India. Because we all know that only government employees are covered with such pension scheme in India . However, today people who are working in private sector or who are doing their business in cities and towns, are all taking their retirement plans from a private or government institution. But I would talk about more than those who live in rural areas and it is advisable them to participate in this Atal Pension Scheme and get paid for the Guaranteed Pension after their sixty years of age. This is a government-led process and you can get a good monthly pension in a such small amount of premium. How much money will you get every month, after completing 60 years of age ? If I give an example then suppose if I am 18 years old and I adopt this scheme, then I have to deposit 42 rupees every month till I ...