The PM Ayushman Bharat Yojana and Atal Pension Yojana are two of the most important government schemes in India. They are aimed at improving the quality of life for the citizens of India, and they have had a profound impact on the country’s economy. This blog post will explore the importance of these schemes and how you can take advantage of them to improve your own quality of life. From health benefits to financial stability, read on to learn everything you need to know about these two important schemes.
What is PM Ayushman Bharat Yojana?
The Prime Minister’s National Health Protection Scheme (PM Ayushman Bharat Yojana) and Atal Pension Yojana are two important schemes launched by the Indian government in 2018. PM Ayushman Bharat Yojana is a healthcare insurance program that aims to provide coverage to all Indians aged up to 75 years, as well as pregnant women and children up to six years of age. The scheme will also cover people with disabilities and senior citizens who have not reached the age of 65 years. The program is expected to be implemented in phases, starting with select states in January 2019.
Atal Pension Yojana is a social security pension program that offers retirement benefits to eligible workers. The scheme will cover around 50% of the basic retirement income of employees who have completed 10 years of continuous employment with the same employer, as well as their dependents. Eligibility criteria for both programs vary depending on the state, but they are currently available in all 31 states and union territories in India.
What is Atal Pension Yojana?
The Atal Pension Yojana is a government-sponsored retirement plan in India. The program was initiated by Prime Minister Narendra Modi in 2017, with the aim of providing pension coverage to all Indians by 2054. The program is implemented through the Employees’ State Insurance Corporation (ESIC), a state-owned insurance company.
The Atal Pension Yojana offers a traditional pension scheme, with an assured minimum pension amount and lifetime tenure. Eligibility for the scheme is based on earnings during employment with an employer who has registered with ESIC. The minimum contribution required for full coverage under the scheme is 8% of employee’s monthly salary, up to a maximum limit of Rs 6,000 per month.
The Atal Pension Yojana provides protection from poverty in retirement for employees who have contributed for at least 10 years. The program also offers tax relief on contributions made towards the pension fund.
How PM Ayushman Bharat Yojana and Atal Pension Yojana benefit the people of India?
Under the PM Ayushman Bharat Yojana, a government insurance program that was announced by Prime Minister Narendra Modi in September 2018, the government will provide Rs. 5 lakh worth of healthcare cover for each individual. This amount is higher than the Rs 4 lakh that currently gets covered under the National Health Protection Scheme (NHPS). The Atal Pension Yojana, also announced by Prime Minister Modi in September 2018, will provide Rs 50,000 per month as pension to retired people who have contributed to the Employees’ Provident Fund (EPF) for at least 35 years. This pension will be withdrawal-friendly and would help those who are struggling financially in old age.
To be eligible for either scheme, applicants must have a valid identification card and proof of residence. Eligible families also receive an additional Rs.2,000 per member per month as housing allowance.
To apply for PMAY or APY, first visit the website of the Indian Ministry of Health and Family Welfare and complete the online application form. Individuals who are not residents of India can also apply through their nearest Indian embassy or consulate. Alternatively, you can download the application forms from the website and fill them out offline at your local municipality office or with the help of a notary public.
You will then need to submit all required documents
- Including your Identification Card and Proof of Residential Address
- To your nearest Indian embassy or consulate or to the Indian Ministry of Health and Family Welfare itself. It is important to note that you cannot apply for PMAY or APY if you are already receiving any government benefits such as food security benefits or unemployment insurance benefits.
To be eligible for PM Ayushman Bharat Yojana or Atal Pension Yojana, an individual must meet at least one of the following criteria:
- Be below 60 years of age
- Have an annual household income lower than ₹6 lakh (for individuals) or ₹12.5 lakh (for couples)
- Reside in a rural area in India
The government announced that it was going to launch a new scheme called ‘Atal Pension Yojana’.
The PM Ayushman Bharat Yojana and Atal Pension Yojana is the flagship scheme of the Prime Minister of India.
The PM Ayushman Bharat Yojana is a government-run health insurance scheme that provides healthcare to a population of over 70 million Indians. The coverage covers all basic medical services, including hospitalization, and includes payment for medicines and hospitalization. The scheme has been running since 2005 with an annual premium of about ₹1,500 crore (US$200 million), an increase from ₹1,000 crore in 2006.
The Prime Minister’s AYUSH is a government scheme that provides free health care to the poor. The Atal Pension Yojana (APY) is a pension scheme that provides pensions to retired people.
Recently, the Indian government announced two new social welfare schemes, PM Ayushman Bharat Yojana and Atal Pension Yojana. While these schemes are still in their early stages, they have already generated a great deal of excitement and debate.
What are these schemes and what can you do to get involved?
PM Ayushman Bharat Yojana is a universal health insurance scheme that will cover all citizens of India. Atal Pension Yojana is a retirement pension scheme that will provide lifelong benefits to the poorest 50% of the population.
Both schemes are innovative and ambitious, and they have the potential to benefit millions of Indians. Sign up for updates about the schemes so you can stay informed about developments.
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