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 sir,
I Am devendar, I enrolled to Atul pension scheme. I got My pran and premium is getting debited from my savings account.
Is there any way where i can check my details with PRAN. (detail like name, Aadhar card number and address, and how uch amount got accumulated etc.)
Thanks
Devendar
I subscribed for Atal Pension Yojana on 19-06-2015 from State Bank of India, SBIN0012678, Sagar road Branch, macherla Guntur Dist. AP. The Bank authorities gave an acknowledgement no.1186200675118421483 to me. after that I did not receive any information on APY. Plz guide me. My email ID is vu2dvo@gmail.com
can we get any kit of APY
Hello Sir,
I have few queries.
1. I am 38 years, am i eligible for Atal Pension Yojana.
2. To get pension of 5000 per month, how much premium i have to pay per month / year.
3. In case of death before 60, for how many years, the nominee will get the pension.
4. Which all documents are valid to join the yojana, in case if the candidate doesn’t have adhar card, if passport / PAN card is acceptable.
Thanks.
Miss. Archana
Here are answers to your quarries.
a1. You are eligible for Atal Pension Yojana (apy) scheme because you are age is less than 40.
a2. To get 5000 INR pension kindly refer to this page: http://atalpensionyojana.in/atal-pension-yojana-return-on-investment/
a3. As long the nominee is alive.
a. Adhar card is manditory to apply for the Atal Pension Yojana (apy) scheme.
I have joined APY without an Aadhaar Card. Bank informed me that I can join now and can provide aadhaar number later after I receive it as there is yet long years for me to complete APY. I have received APY account number and my 2nd month payment is also deducted.
I have taken APY last month. My age will be 26 in September 2015, they should deduct 376 rupees from my account, instead they are deducting 446 rupees drom ky account. Can anyone help me with this.
Thanks.
Sir, i am working in BSNL . i have EPFO subscriber.
i already applied ATAL PENSION YOJANA in SBI.
.
MY QUE IS how track ATAL PENSION YOJANA.
9923109370
9422831050.
how to apply Atal pension Yojana online
For more accurate information on Atal Pension Yojana kindly contact your local bank.