Atal Pension Yojana

About the Scheme

A government-backed pension scheme in India, primarily targeted at the unorganised sector, providing a guaranteed minimum pension for subscribers depending on their contributions.

Target Beneficiaries: Workers in the unorganised sector and citizens aged 18-40

✦Key Features

• Administered by the Pension Fund Regulatory and Development Authority (PFRDA)
• Available to any Indian citizen between 18 to 40 years of age
• Flexible contribution options: monthly, quarterly, or half-yearly
• Subscribers receive a fixed pension after reaching 60 years

★Benefits

• Guaranteed minimum monthly pension of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 or Rs. 5,000 at the age of 60
• Same pension to the spouse after the death of the subscriber
• Return of the accumulated pension wealth to the nominee of the subscriber upon death of both subscriber and spouse