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Jan 24, 2024 · Eligibility Criteria. All Indian citizens between the age of 18 to 40 years can enroll for pension after the age of 60 under the APY. The individual applying for the benefit of the scheme must contribute for at least 20 years. The individual enrolled under Swavalamban Yojana will be migrated under Atal Pension Scheme automatically.
Atal Pension Yojana [UPSC Notes GS-II] Atal Pension Yojana is a pension scheme under the Government of India. This scheme replaces the Swavalamban Yojana and was established to provide old age income security to the workers belonging to the unorganised sector. The Atal Pension Yojana was launched by PM Narendra Modi on 9th May 2015 in Kolkata.
HIGHLIGHTS OF ATAL PENSION YOJANA. Under the APY, there is guaranteed minimum monthly pension for the subscribers ranging between Rs. 1000 and Rs. 5000 per month. The benefit of minimum pension would be guaranteed by the GoI. GoI will also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower.
Atal Pension Yojana is a government-backed pension scheme targeted for people from the unorganised sector and informal workers. The scheme is designed to aid people from the unorganised sector to avail a pension amount of Rs 5000/- per month after the age of retirement i.e. 60 years. This social security scheme which replaced the earlier ...
Toll Free Number -1800 889 1030 of Atal Pension Yojana (New NPS-CRA toll-free number 1800 210 0080. The old number will be discontinued shortly.)
May 9, 2023 · Atal Pension Yojana (APY) Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector. It encourages the workers in unorganised sector to voluntarily save for their retirement. The Government had launched the scheme with effect from 1st June, 2015.
Atal Pension Yojana (APY)1 – Details of the Scheme. 1. Introduction. 1.1 The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS). To address the longevity risks among the workers in unorganised sector and to ...
