The government is working on such a pension scheme so that the common people get minimum return every month. According to experts, the government can announce such a pension scheme before the 2024 elections.
Work on such a product is being done by the Pension Fund Regulatory and Development Authority. Giving information himself, the PFRDA chairman has said that the pension scheme can be announced soon to give minimum assured returns.
Plan will be brought soon
PFRDA Chairman Deepak Mohanty said that the work on the new pension scheme is going on very fast and it can be announced soon. Going forward, he said that he has to strike a balance between risk and return and if someone gives an assurance, it has a value or price. On this, giving the example of Atal Pension Yojana, he said that the government gives assurance on APY, the cost of which is being paid by the customer.
Giving light details about the new pension plan, he said that PFRDA will have to pay more money to provide assured returns. Giving the reason for this, said that there will be more risk in this. He said that we want to bring such a product for the people so that they can get more and better returns and people can earn continuously.
People are increasing in APY
On the other hand, while giving information, Mohanty said that about 5.3 crore customer base has been prepared for Atal Pension Yojana. For the current year, a target has been set to add 1.3 crore people to APY. In the year 2022, 1.2 crore had taken entry in the scheme. On APY, Mohanty said that the work of rural banks is going very well in increasing the customers in APY. On the other hand, on the question asked by Mahanti on the report of the committee on the new pension system, he said that it is too early to say anything.