Social WelfareNational SchemeOngoing
Atal Pension Yojana (APY)
Guaranteed pension scheme for unorganised sector workers providing ₹1,000 to ₹5,000 monthly pension after age 60.
Ministry of Finance, PFRDA
What you get
Guaranteed pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 per month after age 60 depending on contribution. Spouse receives the same pension after subscriber death. Nominee receives the pension corpus on death of both subscriber and spouse. Government co-contribution of 50% or ₹1,000 per year (whichever is lower) for 5 years for subscribers who joined between June 2015 – March 2016 and were not income tax payers.
Who can apply
Indian citizens between 18-40 years of age who are not members of any statutory social security scheme.
For: Unorganised sector workers, daily wage labourers, self-employed
Age: 18+ to 40 years
- Must have a savings bank account or post office savings bank account
- Must have a mobile number linked to bank account
- Not an existing member of EPF, NPS, or other statutory social security schemes
Documents required
General
- Aadhaar card
- Mobile number
- Savings bank account details
- Nominee details
Scheme code: APY