Atal Pension Yojana (APY) is a government-sponsored pension scheme launched by the Government of India in 2015. The scheme aims to provide a guaranteed monthly pension to people in the unorganized sector after they retire at the age of 60 years.

Atal Pension Yojana (APY): Benefits, Eligibility & Key Features

Atal Pension Yojana (APY)

Under the scheme, subscribers can choose to receive a monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after they retire. The monthly pension amount is determined by the age of the subscriber at the time of joining the scheme and the amount of contribution made by the subscriber.

Subscribers can start contributing to the APY scheme at the age of 18 years and can continue contributing till the age of 50 years. The minimum monthly contribution amount is ₹100 and the maximum monthly contribution amount is ₹5,000. Also read: Pradhan Mantri Suraksha Bima Yojana

The government of India co-contributes to the APY scheme for subscribers who are below the age of 40 years. The government co-contribution amount is 50% of the subscriber’s contribution, subject to a maximum of ₹1,250 per annum.

Benefits of APY

APY offers a number of benefits to subscribers, including:

  • Guaranteed monthly pension after retirement
  • Government co-contribution for subscribers below the age of 40 years
  • Easy to join and contribute to
  • Flexible contribution amounts

How to join APY

To join the APY scheme, you need to visit a bank or post office that offers the scheme. You will need to provide your personal details, including your name, address, date of birth, and bank account number.

You can also join the APY scheme online through the official website of the National Pension System Trust (NPST).

Impact of APY

APY has been a successful scheme that has provided social security to millions of people in the unorganized sector. As of March 2023, more than 450 million people have enrolled in the scheme.

The scheme has helped to reduce the financial burden on families of people in the unorganized sector after they retire. It has also helped to promote financial inclusion in India.


APY is a good pension scheme for people/workers in the unorganized sector industry. The scheme offers a guaranteed monthly pension after retirement and is easy to join and contribute to.

Disclaimer: Our website ( is not a government run website, nor does it have anything to do with any government ministry. This blog is run by a special person who is interested in government schemes and wants to tell others about it. We try our best to provide accurate information to our readers, but despite our best efforts, the possibility of error cannot be ruled out. We always recommend to check and read the official website. If you find any mistake in any article, you are requested to please inform us and we will make changes

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