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May 12, 2020 · The flagship social security scheme of the Government of India - ‘Atal Pension Yojana’ (APY) - has completed five years of implementation and garnered over 2.2 crore subscribers.
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.
Dec 4, 2023 · The Atal Pension Yojana aims to offer social security to the elderly, particularly those who are poor or underprivileged. Unlike the Swavalamban Yojana, this scheme ensures returns during the retirement phase or at the end of the policy term.
Jun 1, 2015 · Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme. Any individual who is eligible to receive benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication.
Nov 14, 2023 · The Atal Pension Yojana or APY Scheme is a central government initiative to enable Indian citizens working in unorganized sectors to lead happy lives after retirement. An NSSO survey (66th Round) shows that unorganized sector workers constitute 88% of India’s gross labour force of 47.29 crores.
May 27, 2021 · Recently, the Pension Fund Regulatory and Development Authority (PFRDA) announced that Assets Under Management (AUM) under the National Pension System (NPS) and Atal Pension Yojana (APY), crossed the milestone of Rs. 6 trillion.
Aug 21, 2021 · Atal Pension Yojana is a flagship social security scheme of Ministry of Finance. It was launched in 2015 by replacing the Swavalamban Yojana / NPS Lite scheme. It addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector.
Feb 22, 2024 · Atal Pension Yojana (Atal Pension Yojana in Hindi) is a guaranteed pension scheme that promises a fixed monthly pension after 60 years. It is available to citizens aged 18-40 years. Older citizens already covered by other pension schemes are not eligible.
Atal Pension Yojana. Guaranteed pension of Rs.1000 to Rs.5000 (depending upon contribution) receivable at the age of 60 years. Eligibility: Primarily focussed on Unorganised workers (But any Indian Citizen in the age-group 18 to 40 years can join through their savings bank account or post office savings bank account)
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