Atal Pension Yojana
Atal Pension Yojana, a government backed pension scheme intended to provide pension benefits with a minimum contribution per month. This scheme is targeted to the unorganised sector and provides pension benefits with a minimum contribution per month.
Under this social security scheme, for every contribution made to the pension fund, the Central Government would also co-contribute 50% of the total contribution or 1,000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years. But the subscriber has to contribute for a period of 20 years or more under this scheme.
It was introduced to help the low-income group of the society like maids, drivers or security guards. Upon the death of the contributor, the nominee can claim for the accumulated corpus or pension money.
Suitable for all individuals between 18 to 40 years of age
Provides fixed monthly pension between Rs 1000 to Rs 5000 post retirement
How To Apply
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