The Atal Pension Yojana (APY) scheme, got launched on May 9, 2015, by PM Narendra Modi at Kolkata. The aim of the scheme is to addresses the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS).
PM Narendra Modi, along with Atal Pension Yojana Scheme (APY), he will launch two insurance schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, who constitute 88% of the total labour force of 47.29 crore as per the 66th Round of NSSO Survey of 2011-12, but do not have any formal pension provision, the Government had started the Swavalamban Scheme in 2010-11. However, coverage under Swavalamban Scheme is inadequate mainly due to lack of guaranteed pension benefits at the age of 60.
The Government announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. Therefore, it has been announced that the Government will launch the Atal Pension Yojana Scheme (APY), which will provide a defined pension, depending on the contribution, and its period. The APY will be focussed on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA).
Under the APY, the subscribers would receive the fixed minimum 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, which itself would be based on the age of joining the APY. The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by any subscriber under APY would be 20 years or more. The benefit of fixed minimum pension would be guaranteed by the Government. The APY would be introduced from 1st June 2015.
Hi
I am an NRI. I want to know whether I can avail this pension Yojana.My age is 25 years
Sir, ye 8.5 lakh rupees subscriber ko nahi mil sakta ya after death nominee ko he milega
Please note that it is an fake as is not giving us only option to track the amount that is deposited. Also if gobto the websites of NPS or NCPRA to track your PRAN no. For APY Thier is no options. So I am already fed in going to bank and asking for my PRAN and my deposit details.
my APY pran no. is PRAN – 500110821331 but i want to know the status of it and when i try to check the status on the central record keeping site it says record not found. ple help.
Can we take two APY to get more pension or what to do for only one APY to get more pension means more than 5000 RS per months ?
i registered on APY for 5000 pension fund. i registered through ICICI bank online portal. i received notification from APY too but now where i can check that every month amount is deposited or not. i have only my PRAN but i don’t now where i can check my account.
mujhe mere apy acc ki jankari konse website par mil sakti hai?
I’m NRI and i wish to join this Scheme, can i join as NRI ??