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.
Thereafter, the Government launched the Atal Pension Yojana (APY), which provides a defined pension, depending on the contribution, and its period. The APY Scheme focusses 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 is guaranteed by the Government.
The APY has been introduced from 1st June, 2015 and BGVB is functioning as APY-SP since inception of this scheme.
APY Scheme Details |
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APY Form - English |
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APY Form - Bengali |
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APY Mobile Application  |
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APY FAQs in English |
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APY FAQs in Bengali |
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