APY was launched on Could 9, 2015.
“The Atal Pension Yojana (APY), a flagship social safety scheme of the Authorities of India administered by PFRDA, has achieved a major milestone by surpassing 8 crore complete gross enrolments with an addition of 39 lakh new subscribers within the present Monetary Yr (FY 2025-26) alone,” the ministry mentioned in an announcement.
Launched with a imaginative and prescient to create a common social safety system for all Indians, APY is a voluntary, contributory pension scheme, targeted on the poor, the underprivileged, and employees within the unorganised sector.
APY assures a assured month-to-month pension of Rs 1,000 to Rs 5,000 for the subscriber post-60 years of age, the identical pension to the partner after the subscriber's demise, and return of the amassed corpus to the nominee after the loss of life of each. It's open to all Indian residents between the age of 18-40 years, besides those that are or have been revenue tax payers.
