Atal Pension Yojana

The scheme was launched in 2015 as an upgrade of Swavalamban Scheme with the objective of extending the old age social security coverage amongst the workers in unorganized sector (which is 88% of the working population).

Important Features: Anyone in the age group of 18-40 years can join the scheme provided he/she is a citizen of India and has an active bank account.

• Minimum contribution for 20 years is mandatory.
• A periodic contribution of 1000-5000 could be made (depending upon the pension wanted after retirement).
• In the event of pre-mature death of the subscriber, Government has decided to give an option to the spouse of the subscriber to continue contributing to APY account of the subscriber, for the remaining vesting period, till the original subscriber would have attained the age of 60 years.