Volume 2, Issue 2, December 2023
Articles

A STUDY ON WHETHER PEOPLE’S PERSONAL COSTS OF LIVING DISCOURAGE INDIVIDUALS FROM ENROLLING FOR THE ATAL PENSION YOJANA

PDF
  • Ms Sanjana,
  • Ms Sandhya Rani,
  • Dr. Caroleena Janefer
Ms Sanjana
Sahyadri College of Engineering and Management, Mangaluru
Ms Sandhya Rani
Assistant Professor, Trisha College of Commerce and Management, Mangaluru
Dr. Caroleena Janefer
Assistant Professor, St Aloysius (Deemed to be University), Mangaluru
DOI: https://doi.org/10.59176/kjms.v2i2.2360

Published 2024-06-17

Keywords

  • Atal Pension Yojana, Cost Of Living, Inflation.

How to Cite

Sanjana, M., Rani, M. S., & Janefer, D. C. (2024). A STUDY ON WHETHER PEOPLE’S PERSONAL COSTS OF LIVING DISCOURAGE INDIVIDUALS FROM ENROLLING FOR THE ATAL PENSION YOJANA. Kristu Jayanti Journal of Management Sciences (KJMS), 2(2), 64–75. https://doi.org/10.59176/kjms.v2i2.2360
Crossref
Scopus
Google Scholar
Europe PMC

Abstract

Atal Pension Yojana Scheme availed for all the unorganized sector as a after retirement amount received monthly to people who apply for the same. The scheme that is operated through banks and every month deducted amount that would be accumulated has caused a lot of query and lack of understanding among the people. The inflation that revolves around the economy of India and the time value of money which results in high cost of living has been one such discouraging factor for non-application to APY Scheme. This paper focuses on to know whether the cost of living of individual is the reason for non-applications towards the scheme and to facilitate this, the data was collected using a Google form which compiled the response from the people residing in Mangalore, and the data was analyzed using a Google spreadsheet. The data was analyzed, compared, and interpreted using various statistical tools. According to the findings of the poll, we can affirm that Individuals with higher cost of living are less likely to apply for a pension Scheme like Atal Pension Yojana (APY) compared to those with lower cost of living.

PDF

Downloads

Download data is not yet available.

References

1. Bhattacharjee, R., & Rengma, S. S. (2020). Attitude towards Atal Pension Yojana Scheme. Indian Journal of Health and Wellbeing, 11(1-3), 40-42.
2. Pushpa, B. V., & Viswanath, N. S. (2022). Atal Pension Yojana: A Scenario Analysis of its Applicability in India. Journal of Algebraic Statistics, 13(3), 968-979.
3. Chakraborty, M. A., & Rajaram, S. (2023). Unveiling The Journey: Analysing The Atal Pension Yojana's Performance. Journal of Survey in Fisheries Sciences, 10(5), 314-323.
4. Amutha, K., & Remya, C. (2022). A Study on Investors Cognizance Towards Various Investment Avenues with Special Reference to Kuzhalmannam Panchayath, Palakkad District. TECHNO REVIEW Journal of Technology and Management, 2(2), 01-14.
5. Balamurugan, J. (2022). Awareness of Atal Pension Yojana among College Students. South Asian Journal of Social Studies and Economics, 1-9.
6. Sachdev, R., Garg, K., Shwetam, S., Srivastava, A. R., & Srivastava, A. (2022). Awareness of Indian government initiated social security schemes utilization among villagers of Kanpur rural region: An evaluative cross sectional study. Journal of Family Medicine and Primary Care, 11(6), 2456-2460.
7. Rajasekhar, D., Kesavan, S., & Manjula, R. (2017). Are our contributory pension schemes failing the Poor?. Economic and Political Weekly, 77-85.
8. Rajasekhar, D., Kesavan, S., & Manjula, R. (2016). Contributory pension schemes for the poor: Issues and ways forward. Bengaluru, Karnataka: Institute for Social and Economic Change.
9. Singh, V. P., Singh, R. R., & Singh, G. FINANCIAL INCLUSION THROUGH SOCIAL SECURITY SCHEMES IN HIMACHAL PRADESH: A STUDY OF PMSBY, PMJJBY & APY.