{"id":975,"date":"2026-03-17T10:30:39","date_gmt":"2026-03-17T10:30:39","guid":{"rendered":"https:\/\/materials.simplycurrentaffairs.com\/?p=975"},"modified":"2026-03-18T10:30:45","modified_gmt":"2026-03-18T10:30:45","slug":"atal-pension-yojana","status":"publish","type":"post","link":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/2026\/03\/17\/atal-pension-yojana\/","title":{"rendered":"Atal Pension Yojana"},"content":{"rendered":"\n

Atal Pension Yojana<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h2>\n\n\n\n

About<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
    \n
  • Atal Pension Yojana (APY) is a\u00a0voluntary, contributory pension scheme<\/strong>\u00a0launched by the Government of India in\u00a02015<\/strong>\u00a0with the\u00a0objective\u00a0of creating a\u00a0universal social security system for all Indians, especially the poor, the\u00a0underprivileged and the workers in the unorganized sector.<\/mark><\/strong><\/li>\n<\/ul>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    Salient Features of APY<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
      \n
    • Atal Pension Yojana (APY) is a voluntary, contributory pension scheme<\/strong> launched by the Government of India in 2015<\/strong> with the objective of creating a universal social security system for all Indians, especially the poor, the underprivileged and the workers in the unorganized sector.<\/mark><\/strong><\/li>\n<\/ul>\n\n\n\n

      1. Target Group:<\/strong><\/mark><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h4>\n\n\n\n
        \n
      • Aimed at\u00a0workers in the\u00a0unorganised\u00a0sector<\/strong>, who often lack formal pension coverage.\u00a0<\/li>\n\n\n\n
      • Initially\u00a0available to all citizens of India<\/strong>\u00a0between\u00a018 and 40 years of age.<\/strong>\u00a0\n
          \n
        • With effect from 1st October 2022,\u00a0individuals paying income tax are not eligible\u00a0<\/strong>to join the scheme.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

          2. Defined Pension Benefit:<\/strong><\/strong><\/mark><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h4>\n\n\n\n
            \n
          • Guaranteed\u00a0minimum\u00a0pension at the age of 60 years<\/mark>\u00a0<\/strong>ranging between\u00a0Rs.1000 to Rs. 5000,<\/strong>\u00a0depending on the\u00a0contributions<\/strong>\u00a0by the subscribers.<\/li>\n\n\n\n
          • The\u00a0minimum\u00a0pension is guaranteed by the Government in the sense that if the\u00a0actual realized returns on the pension contributions are less\u00a0<\/strong>than the assumed returns for\u00a0minimum\u00a0guaranteed pension,\u00a0such shortfall shall be funded by the Government.<\/strong>\u00a0\u00a0<\/li>\n\n\n\n
          • On the other hand, if the\u00a0actual returns on the pension contributions are higher\u00a0<\/strong>than the assumed returns for\u00a0minimum\u00a0guaranteed pension, such\u00a0enhanced scheme benefits shall be passed on to the subscribers.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n

            3. Administering Body:<\/strong><\/strong><\/mark><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h4>\n\n\n\n
              \n
            • Pension Fund Regulatory and Development Authority (PFRDA)<\/strong>\u00a0\n
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              • PFRDA is a statutory regulatory body\u00a0established\u00a0in 2003 to promote, develop and regulate the pension sector in India.<\/em><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
                  <\/ul>\n\n\n\n

                  4. Other Key Features:<\/strong><\/strong><\/mark><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h4>\n\n\n\n
                    \n
                  • There is\u00a0no restriction on the number of\u00a0persons\u00a0in a family<\/mark><\/strong>\u00a0who can join APY.\u00a0<\/li>\n\n\n\n
                  • The same pension is payable to\u00a0spouse<\/strong>\u00a0after death of Subscriber.\u00a0<\/mark><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                    Atal Pension Yojana About Salient Features of APY 1. Target Group: 2. Defined Pension Benefit: 3. Administering Body: 4. Other Key Features:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-975","post","type-post","status-publish","format-standard","hentry","category-schemes-initiatives"],"_links":{"self":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/comments?post=975"}],"version-history":[{"count":1,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/975\/revisions"}],"predecessor-version":[{"id":977,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/975\/revisions\/977"}],"wp:attachment":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/media?parent=975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/categories?post=975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/tags?post=975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}