Atal Pension Yojana

Date : 09/05/2015 – | Sector : Pension
Atal Pension Yojana, is a government-backed pension scheme aimed at providing pension benefits with a minimum contribution per month. This scheme is targeted at the unorganized 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 will contribute 50% of the total contribution or Rs 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 section of the society like maids, drivers or security guards. On the death of the contributor, the nominee can claim the accumulated money or pension money.

Beneficiaries:

Suitable for all individuals between the ages of 18 and 40

Benefits:

Provides fixed monthly pension after retirement ranging from Rs 1000 to Rs 5000

How to apply
By filling the offline form