(THE GIST OF PIB) Atal Pension Yojana

(THE GIST OF PIB) Atal Pension Yojana


Atal Pension Yojana

  • Since the inception of in 2015, 3.68 crore enrolments have been completed under Atal Pension Yojana.


  • Atal Pension Yojana (APY) addresses the old age income security of the working poor. It is focused on the unorganized sector workers.
  • It encourages the workers in the unorganised sector to voluntarily save for their retirement. The Government had launched the scheme with effect from 1st June, 2015.


  • Any citizen of India can join the APY scheme. The age of the subscriber should be between 18-40 years. The contribution levels would vary and would be low if a subscriber joins early and increases if she joins late.
  • The benefits of the scheme will arise to the subscribers on attaining the age of 60 years.

Features of APY:

  • Fixed pension for the subscribers ranging between Rs.1000 to Rs. 5000, if s/he joins and contributes between the age of 18 years and 40 years.
  • The same pension is payable to Spouse after death of Subscriber.
  • Return of indicative pension wealth to nominees after death of spouse.
  • Under the scheme, individuals who have registered before March 31, 2016, will get a co-contribution from the government, which will be 50 percent of the subscriber contribution up to a maximum of Rs. 1,000. The co-contribution will be for 5 years from 2015-16 to 2019-20.
  • APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA).



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Courtesy: PIB