User:Romesh Kumar Sharma/sandbox

Govt. has started Atal Pension Yojna wherein the the subscribers are given a fixed pension of Rs. 1000 to Rs. 5000/- depending on contributions from 18 years to 40 years. The pension is given after completion of 60 years of age. On the death of beneficiary the legal heirs/nominees are a sum of Rs. 170000- to Rs. 850000-.

I am working as a Financial Literacy Counselor with a Gramin Bank and we keep holding Literacy camps in villages. As per feed back received from field, it is suggested that following changes be made in the scheme.

"On completion of 60 years of age, the beneficiary should be given (optional) a lump sum amount, on lines of commutation of pension as given to govt. employees, by reducing the monthly pension amount given to legal heirs after death of beneficiary on pro rata basis".

Romesh Kumar Sharma 267 Defence Colony, Chhattwal, Pathankot 94170-52905