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Atal Pension Yojana (APY) — Govt Scheme for UPSC | Vaidra
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Atal Pension Yojana (APY)

Ministry of FinanceactiveSocial SecurityLaunched: 2015-06-01

About the Scheme

Atal Pension Yojana guarantees a minimum pension of ₹1,000-₹5,000/month at age 60 to unorganised sector workers aged 18-40. Government co-contributed 50% (or ₹1,000/year max) for eligible subscribers during 2015-2020. 8.34 crore subscribers (Oct 2025); AUM ₹48,000+ crore. Regulated by PFRDA. 48% women subscribers.

Target Beneficiaries: 8.34 crore gross enrolments (Oct 2025); 48% women (4.04 crore); AUM ₹48,000+ crore; CAGR 9.12% since inception

Official Website →

✦Key Features

  • Fixed pension slabs: ₹1,000/₹2,000/₹3,000/₹4,000/₹5,000 per month from age 60 (subscriber chooses at joining)
  • Monthly contribution: ₹42-₹1,454 depending on entry age and chosen pension amount
  • 8.34 crore gross enrolments (Oct 2025); 4.04 crore women (48%); AUM ₹48,000+ crore
  • Eligibility: 18-40 years; must have savings/post office bank account; not income taxpayer (originally)
  • On death: spouse continues same pension; on both deaths nominee gets accumulated corpus
  • PFRDA regulated; available via all banks, post offices, online
  • Multiple Scheme Framework (MSF) from Oct 1 2025 — gig/platform workers covered under NPS

₹ Budget Allocation

0

UPSC Relevance

GS Paper: GS3

Prelims Relevance9%
Mains Relevance9%

Syllabus Tags

PensionSocial SecurityFinancial InclusionUnorganized SectorGS3