Atal Pension Yojana
Government schemes

Know how to apply and all benefits of Atal Pension Yojana

Atal Pension Yojana is a pension scheme under the Government of India. Atal Pension Yojana is the scheme which replaces Swavalamban Yojana and was introduced to provide income to old age workers as pension, belonging to the unorganized sector. The Atal Pension Yojana was introduced by PM Narendra Modi on 9th May 2015 in Kolkata. This scheme encourages workers of unorganized sectors to have their proper income for their future as pension.


Benefits of Atal Pension Yojana

The Atal Pension Yojana (APY) is a government scheme that became active from 1st June 2015 and mainly focuses on providing old age security income to the unorganized workers who are not listed under any of the social security income schemes.


The benefits provided by the Atal Pension Yojana are mentioned below –


The scheme provides the fixed pension ranging between Rs.1000 to Rs. 5000 to the applicants who applied in this yojana. The pension is provided if he/she applies between the age of 18 years and 40 years. The contribution level varies as per the conditions which is low if the applicant applies the scheme early and might increase if he/she applies late.
After the death of the applicant, the spouse is eligible for availing the same benefits provided by the Atal Pension Yojana (APY).
The indicative pension wealth will be returned to the nominees after the death of a spouse.


Contributions to the Atal Pension Yojana (APY) is eligible for tax benefits similar to the National Pension System (NPS).


Eligibility for Atal Pension Yojana


The workers have to follow the instructions mentioned below to apply for the Atal Pension Yojana:

Atal Pension Yojana (APY) is open for those who are not a member of any statutory social security scheme.

Any individual aged between 18 years to 40 years and have a bank account are eligible for the scheme.

He/She will have to provide their Aadhaar Card authentication.

The applicants should get their Aadhaar number recorded in the APY pension account as well as in their savings account.

Providing of the Aadhar card number is important for the debit of the contribution installments and for the credit of government co-contributi

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