Pune, 08 August 23

In order to expand the coverage of Atal Pension Yojana, an APY Outreach Program was conducted at Pune on 7^th August 2023 by SLBC Maharashtra. The meeting was chaired by Shri Vijay Kamble, General Manager & Convenor, SLBC Maharashtra and Shri A. G. Das, Executive Director, PFRDA was the Chief Guest. Shri Vijay Kamble in his address urged all Member Banks to participate actively in taking APY to the corners of the state.

Shri Das in his key note address emphasised on the need of Pension to secure the old age income security in our country. He also congratulated all the bankers for their excellent performance and appealed them to continue the good work till the saturation of APY coverage. After this a presentation was made by Mr. Eeshawar Nirmal of PFRDA. Post this,  Dr. Ashish Dongare, AGM, PFRDA deliberated on various strategic that banks may implement to archive the Pension saturation and also reviewed the performances of bank in APY enrolment in the state. It may be noted that the Maharashtra state stands at third position in the country with total enrolment of around 40.64 lakhs as on 31^st July 2023, however the coverage in the state is slightly below the National average.

During the program, LDMs of Gondia, Jalna, Hingoli, Washim, Parbhani, Nanded, Nandurbar, Beed & Bhandara along with the Banks (viz Vidarbha Konkan Gramin Bank, Indian Overseas Bank, State Bank of India, Bank of India, Dhanlaxmi Bank, Bank of India, MGB, Union Bank of India, Bank of Maharashtra & Canara Bank) were felicitated for their exemplary performance in the enrolment under APY.

Atal Pension Yojana is a guaranteed pension scheme of Government of India and is being administered by PFRDA. Any Citizen of India between the age group of 18-40 years is allowed to join through the bank or post office branches where one has the savings bank account. Under the scheme, a subscriber would receive a minimum guaranteed pension of Rs.1000 to Rs.5000 per month, depending upon his contribution, from the age of 60 years.  The same pension would be paid to the spouse of the subscriber after the demise of the subscribers and on the demise of both the subscriber and the spouse, the accumulated pension wealth as accumulated till age 60 of the subscriber is returned to the nominee. The scheme is distributed through 266 registered APY Service-Providers consisting of various categories of banks and Department of Posts. Around 5.56 crore subscribers across the country are enrolled under the scheme.

Shri Das said, “PFRDA and SLBC Maharashtra shall continue its efforts till all the eligible citizen in the State are covered under APY and contribute towards making India a pensioned society”.

The program concluded with the Vote of Thanks by Shri R D Deshmukh, Dy General Manager, & Member Secretary, SLBC Maharashtra.

 

MI/PM

 

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