The Government of India has launched a very unique scheme for the citizens of India specially for the poor, the under privileged and workers of unorganised sectors. The name of the scheme is Atal Pension Yojana which provides the guaranteed minimum pension of Rs. 1,000 or 2,000 or 3,000 or 4,000 or 5,000 per month at the age of 60 years depending on the contributions made by the subscribers. Age of the members should be between 18 to 40 years. To avail the benefit of the scheme, visit the official website at enps.nsdl.com. Further this article will lead you to know more about the scheme in details which includes Key Highlights, Objectives, Benefits & Features, Eligibility, Documents, Application Procedure for Atal Pension Yojana, etc.
About Atal Pension Yojana
Atal Pension Yojana (APY) is a guaranteed pension scheme which is launched by the Government of India. This scheme provides maximum benefit during old age on maximum investment. Any citizen of India can join APY scheme. This scheme provides the guaranteed minimum pension of Rs. 1,000 or 2,000 or 3,000 or 4,000 or 5,000 per month at the age of 60 years until death depending on the contributions made by the subscribers. On passing away of subscriber, the spouse of the subscriber will be eligible to receive the same pension amount as of which the subscriber was getting until death. And if both subscriber and spouse of the subscriber pass away then the nominee of the subscriber will be eligible for the pension wealth. If subscriber wants to exit voluntarily before 60 years of age then the contributions made by him to APY along with the net actual accrued income earned on his contributions will be refunded.
Key Highlights Of Atal Pension Yojana
| Name of the Yojana | Atal Pension Yojana |
| Launched By | Government of India |
| Introduced By | Hon’ble Prime Minister of India Shri Narendra Modi |
| Launched Date | 09 May 2015 |
| Objective | To provide social security to all Indians |
| Benefits | Guaranteed minimum pension of Rs. 1,000 or 2,000 or 3,000 or 4,000 or 5,000 per month at the age of 60 years depending on the contributions made by the subscribers |
| Beneficiary | All the citizens of India whose age is between 18 to 40 years |
| State | All states of India |
| Year | 2024 |
| Mode of Application | Online |
| Official Website | enps.nsdl.com |
Objectives Of Atal Pension Yojana
The objectives of the Scheme are as follows:
- The primary objective of launching the Scheme is to improve the financial status of the families of Indian citizens.
- This scheme aims to provide social security to all Indian residents.
- The aim of the scheme is to assist the families of the Indian residents of our country.
Benefits & Features Of Atal Pension Yojana
Here are some of the benefits & features of the Scheme, which are as follows:
- This scheme provides maximum benefit during old age on maximum investment.
- This scheme provides the guaranteed minimum pension of Rs. 1,000 or 2,000 or 3,000 or 4,000 or 5,000 per month at the age of 60 years until death depending on the contributions made by the subscribers.
- On passing away of subscriber, the spouse of the subscriber will be eligible to receive the same pension amount as of which the subscriber was getting until death.
- And if both subscriber and spouse of the subscriber pass away then the nominee of the subscriber will be eligible for the pension wealth.
- However, if subscriber wants to exit voluntarily before 60 years of age then the contributions made by him to APY along with the net actual accrued income earned on his contributions will be refunded.
- Age of the members should be between 18 to 40 years.
Eligibility Criteria
To avail the benefits under the Yojana, you should fulfill these eligibility criteria:
- Applicant must be a permanent resident of India.
- Age of the subscriber should be between 18 to 40 years.
- The age of exit and start of pension is 60 years.
- Subscribers are required to contribute the prescribed contribution amount from the age of joining APY till the age of 60 years.
Required Documents
To avail the benefit under the scheme, candidates should have these following documents:
- Aadhar Card
- Residence Certificate
- Age Certificate
- Passport Size Photo
- Mobile Number
Registration Procedure For Atal Pension Yojana
To register under the scheme, please follow the below mentioned steps:
- Click on the link enps.nsdl.com.
- On homepage click on “APY Registration” under “Atal Pension Yojana (APY)” section.
- Fill the registration form with complete details as asked in the form.
- Select the pension amount and periodicity of contribution.
- Attach the required documents.
- Click on Continue and fill the rest of the form as asked.
- Finally click on “Submit” button to complete the registration process.
Contact Details
Address:
Protean e-Gov Technologies Limited.
1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013
Telephone:
(022) 2499 3499
For NPS Subscriber – 1800 2100 080
For APY Subscriber – 1800 889 1030
FAQ’s
What is the key objective of Atal Pension Yojana?
The primary objective of launching the Scheme is to improve the financial status of the families of Indian citizens.
What is the benefit of the scheme?
This scheme provides the guaranteed minimum pension of Rs. 1,000 or 2,000 or 3,000 or 4,000 or 5,000 per month at the age of 60 years until death depending on the contributions made by the subscribers.
Who launched the scheme?
Atal Pension Yojana (APY) is a guaranteed pension scheme which is launched by the Government of India.