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.
The Administrator,
PFRDA
Sir,
Subject:- Atal Pension Yojana account
Please clarify –
1.Whether an income tax payer can open subject account.
2.Whether an EPF account holder can open the subject account.
3.What is the last date of opening subject account.
Thanking you
Yours Faithfully
Radho Daswani
my age 33 join atal pension yojna
I’m all ready customer service user kiya mai on line apne account ka status dekh sakta hun
Sir I am kondalwar Gangadhar my account to not cutting atal pensionyojana scham amount
I contribute to APY scheme. Got PRAN number also. How I can see my contributions and can able to download the transaction details.
hai I am chirag pawar- i approached to my sbi branch on number of occasion and addressed three letters to the bank manger for closing of ATAL PENSION YOGNA but to my great surprise still it is not closed and bank authority is also not ready to reply properly to the customer on the contrary bank manager advise me to close my bank account and forget about money which i have paid in this yogna. Being customer of the bank now i fell that is it not fraud with customer who joined this policy /yogne as neither the bank nor Govt. ready to owe responsibility to close this policy and returned my money- I am hurt but who cares
how to online payment & rejistretion for this pension yojana
How to check our balance in d scheme?
And how to know to know whether active or frozen or running after a long gap?