APY Pension Hike Denied: Government Confirms No Rs 10,000 Increase Planned

• Government clarifies there are no plans to increase the Atal Pension Yojana (APY) pension amount.
• Union Minister Pankaj Chaudhary stated APY terms and subscription amounts remain unchanged.
• APY provides a monthly pension of Rs. 1,000 to Rs. 5,000 after 60 years, targeting unorganized sector workers.
• The scheme, administered by PFRDA, currently has over 8.4 crore members.
• Eligibility: Indian citizens aged 18-40 with bank account, Aadhaar; income tax payers excluded from Oct 1, 2022.

Why It Matters: Atal Pension Yojana pension will not be increased; government confirms no change from Rs. 1,000-5,000.