Atal Pension Yojana (APY) Scheme

Schemes

Atal Pension Yojana (APY)

KEY POINTS
  • The subscribers who will joined the scheme would receive the fixed 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.
  • Age Limit:
    minimum 18 years and maximum age is 40 years.
  • Minimum contribution period
    A subscriber can contribute for minimum period of 20 years or more and pension payment will start at the age of 60 years.
  • co-contribution from government
    50% of the subscriber's contribution or Rs. 1000 per annum
  • co-contribution period
    5 years, i.e., from 2015-16 to 2019-20, who join the NPS before 31st December, 2015
  • Restriciton
    subscriber must not income tax payer
AIM
  • mainly for workers in unorganised sector to make them independent in their old age
  • The scheme will be administered by the Pension Fund Regulatory and Development Authority (PFRDA) and replace the previous government's Swavalamban Yojana NPS Lite.

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