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.
Is Atal Yojana Close?
Atal pension yojana is still running. Contact your local bank for more info.
if i am not paying income tax now and joined APY but after i will come in incometax range what will happen
from where I can get my Atal Pension Yojana a/c statement? and how?
Thanks and Regards
Indranil
Open your apy account at local bank Branch.
dear Sir,
I have taken the Atal penson yojna and regularly deducting amount from my account but still i have not received any information from the department. I am also unable to check the online status of my registration. kindly provide the Link and contact details on priority.
Regards
Hariom verma
9928539436
i would like to take a printout of the premium receipts of my APY deductions every month. How can I do it. What is my Pension Policy No.
I hv joined apy on dec 23rd.I hv joined under 5000rs pension scheme.318rs debited from my bank ac.When will i get the 1000rs discount frm the government
how to track in my APY savings fund. please help me.
we want increase the APY last date