Check Atal Pension Yojana (APY) scheme / APY Scheme benefits, apy application form / Details, Benefits, Eligibility
The government of India had started Atal Pension Yojana (APY) scheme for Indian citizens in may 2005. Now recent updates, According to Pension Fund Regulatory and Development Authority (PFRDA) more than 1 crore subscribers have got Benefits from APY Scheme. Atal Pension Yojana scheme has earned 3,950 crore Indian rupees of contribution from subscribers. APY Scheme has made approximately 9.10% compounded annual growth rate (CAGR) since in March 2018.
What is Atal Pension Yojana APY scheme ?
The indian govt had started Atal Pension Yojana (APY) scheme in june 2015. In June 2015 the country’s disorganized workforce was launched APY with the aim of providing affordable universal access to essential social security protection, which constitutes more than 85 percent of employees. It had changed the pension Swavalamban scheme supported by the targeted government in the unorganized sector.
Atal Pension Yojana (APY) scheme benefits
It is available to all citizens of India in the age bracket of 18-40 years (the minimum contribution contributed by the customer is 20 years). Under the scheme the customer will receive the minimum guaranteed pension. Rs. 1000 5000 per month, 60 years old, based on their contribution. 60 year prior to the plan there is no opt out. In case of customer’s death, client/spouse The wife is entitled to the same pension until her death.
Top 10 states in APY mobilisation