International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 4 July-August 2024 Submit your research before last 3 days of August to publish your research paper in the issue of July-August.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 6 Issue 4
July-August 2024

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Financial Inclusion and Retirement Planning: A Scenario Analysis of the Feasibility of Atal Pension Yojana

Author(s) Vikrant Singh Sengar
Country India
Abstract Background: Financial inclusion, crucial for economic development, has gained global attention, particularly in emerging economies like India where initiatives to improve access to financial services are vital. Objective: This study aims to assess the feasibility and potential impact of the Atal Pension Yojana (APY) on retirement planning within India's unorganised sector through scenario analysis. Methodology: Utilising secondary data, the study analyses the present and future values of contributions and pension benefits under various scenarios, focusing on different starting ages and pension amounts. Findings: The analysis suggests that, at higher interest rates, the present value of pension benefits from APY may fall short of contributions, indicating potential shortcomings in fulfilling retirement needs. However, younger subscribers could benefit under certain conditions, emphasising the importance of early enrolment. Implications: The research highlights concerns regarding the effectiveness of APY in addressing retirement needs, suggesting the need for additional government support to enhance the scheme's attractiveness and financial feasibility. Originality: This study offers a multidimensional exploration of financial inclusion and retirement planning within the framework of APY, contributing to the literature on this topic, especially in economies with informal labour markets and limited social security mechanisms.
Keywords Retirement Planning, Financial Inclusion, Social Security, Pension Scheme, Atal Pension Yojana.
Field Mathematics > Economy / Commerce
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-06-06
Cite This Financial Inclusion and Retirement Planning: A Scenario Analysis of the Feasibility of Atal Pension Yojana - Vikrant Singh Sengar - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.22111
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.22111
Short DOI https://doi.org/gtxrk6
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 4 Cover Page Vol 6 Isu 3 Cover Page Vol 6 Isu 2

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-5948-55 editor@ijfmr.com