{"id":2741,"date":"2023-04-05T14:19:27","date_gmt":"2023-04-05T08:49:27","guid":{"rendered":"https:\/\/sarkariyojnaa.org\/?p=2741"},"modified":"2024-01-13T13:56:59","modified_gmt":"2024-01-13T08:26:59","slug":"atal-pension-scheme-apy","status":"publish","type":"post","link":"https:\/\/sarkariyojnaa.org\/atal-pension-scheme-apy\/","title":{"rendered":"Atal Pension Yojana: Eligibility, APY Contribution Chart & Benefits (Complete Guide)"},"content":{"rendered":"

In order to give the nation’s unorganised sector a reliable source of income, the Indian government introduced the <\/span>Atal Pension Yojana <\/b>in 2015. The <\/span>Pension Fund Regulation and Development Authority<\/b> oversees the administration of this <\/span>Atal Bihari Vajpayee-inspired programme (PFRDA)<\/b>. The subscribers of the <\/span>Atal Pension Yojana 2023 <\/b>get a pension depending on their contributions to the plan during their working years. The pension plan provides a <\/span>guaranteed income of up to \u20b95,000 a month<\/b> after the age of 60 and is open to those between the ages of 18 and 40. This page will cover the characteristics of the Atal Pension Yojana, how to apply for the programme, beneficiary lists, the program’s chart, its advantages, contact information, key websites, and commonly asked questions.<\/span><\/span><\/p>\n

Atal Pension Yojana (APY): Overview<\/strong><\/span><\/h2>\n

Here’s an overview of the Atal Pension Yojana (APY Scheme) 2023:<\/p>\n

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Aspect<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
Purpose<\/td>\nTo provide a defined pension to the unorganized sector<\/td>\n<\/tr>\n
Eligibility<\/td>\nIndian citizens aged 18 to 40 years<\/td>\n<\/tr>\n
Contribution amount<\/td>\nVaries based on age at the time of enrollment<\/td>\n<\/tr>\n
Minimum contribution<\/td>\n\u20b942 per month<\/td>\n<\/tr>\n
Maximum contribution<\/td>\n\u20b91,454 per month<\/td>\n<\/tr>\n
Pension amount<\/td>\nRanges from \u20b91,000 to \u20b95,000 per month based on contribution amount and duration<\/td>\n<\/tr>\n
Enrollment methods<\/td>\nOnline and offline<\/td>\n<\/tr>\n
Required documents<\/td>\nAadhaar and bank account details<\/td>\n<\/tr>\n
Tax benefits<\/td>\nEligible for tax benefits under Section 80CCD of the Income Tax Act<\/td>\n<\/tr>\n
Exit policy<\/td>\nOnly in the event of death or terminal illness before age 60<\/td>\n<\/tr>\n
Beneficiary list<\/td>\nMaintained by PFRDA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

What is Atal Pension Yojana 2023?<\/b><\/span><\/h3>\n

A government-sponsored pension programme called <\/span>Atal Pension Yojana 2023 <\/b>seeks to give financial stability to India’s unorganised sector. The programme was introduced in May 2015 and is named after Atal Bihari Vajpayee, a former Indian prime minister.\u00a0<\/span><\/span><\/p>\n

The programme is run by the <\/span>Pension Fund Regulatory and Development Authority (PFRDA)<\/b>, and it is open to those between the ages of 18 and 40. The programme is a guaranteed pension plan with the goal of giving participants a steady income as they age.<\/span><\/span><\/p>\n

Atal Pension Yojana’s <\/b>significance cannot be emphasised. Almost 80% of the workers in India is employed in the vast unorganised sector. The unorganised sector does not have access to pension plans or other forms of social security, making them susceptible to financial instability as they age.\u00a0<\/span><\/span><\/p>\n

By offering the unorganised sector a straightforward and easily understandable pension plan, the <\/span>Atal Pension Yojana 2023 <\/b>seeks to alleviate this problem. The programme is a viable choice for anyone looking for financial stability in their senior years because it is inexpensive and provides guaranteed pension benefits.<\/span><\/span><\/p>\n

Features of APY Scheme 2023 for Old Age Citizens<\/b><\/span><\/h3>\n