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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 .....

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ntractor, Chairman, PFRDA in his keynote address emphasised on the need of creating a pensioned society. He said that only 9-10% of the people in the country are covered under some type of pension benefits. The vast majority of the population in the .....

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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 capacit .....

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igible subscribers. He also asserted the fact that PFRDA, in collaboration with SIDBI and DFID under PSIG programme would provide necessary push to APY to make it more visible in the rural / urban areas in the States of Madhya Pradesh, Odisha, Bihar .....

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pondents in the country and their role in last mile connectivity/access for financial inclusion in the country. He appealed to the banking correspondent s fraternity to initiate necessary steps to promote and distribute the APY. He also urged the ban .....

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