Overview

The Govt. of India launched the Atal Pension Yojana (APY), which provides a defined pension, depending on the contribution, and its period. The APY is focused on all the citizens in the unorganized sector, administered by Pension Fund Regulatory and Development Authority (PFRDA).

The subscribers would receive the fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would be based on the age of joining the APY.

The age of joining & Contribution Period

The minimum age of joining APY is 18 years and maximum age is 40 years. The age of exit and start of Pension would be 60 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.

Benefit

Fixed pension for the subscribers ranging between Rs. 1000/- to Rs. 5000/- after attaining the age 60 years.

Statistics

• APY enrollments since inception (as on 29-02-2024): 846486
• APY enrollments from 01-06-2023 to 29-02-2024: 133031

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