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Workshop for Banking Correspondents (BCs) for implementation of Atal Pension Yojana (APY) held on 19th July 2016

News and Press Release - Dated:- 21-7-2016 - A workshop for Business Correspondents (BCs) was organised by PFRDA on 19th July 2016 at New Delhi to discuss the implementation of Atal Pension Yojana and increasing Bank Correspondent s role in bringing more beneficiaries to the APY fold. Around 60 BC representatives, officials from SIDBI, Access Assist, some major banks and Dr. Anand Srivastav, Chairman, Business Correspondents Federation of India (BCFI) were present in the workshop. Shri Hemant Co .....

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the objective of the government to convert a pension less society to a pensioned society. APY is different from Swavalamban due to the fact that it has a minimum guaranteed pension component. It is ideal for those people who have low savings capacity. The BC model in the banking sector has been very successful in opening large number of accounts under Jan Dhan Yojana by reaching out to 5 lakh villages in India, and banks should build on this large base of customers for distribution of APY to el .....

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