Key Points about Atal Pension Yojana

The Atal Pension Yojana, launched on 9th May 2015, was aimed at creating a universal social security system for all Indian citizens, particularly the underprivileged and workers in the unorganised sector.

Advantages of Atal Pension Yojana

The Atal Pension Yojana (APY), operational since 1st June 2015, is primarily aimed at providing old age security to workers in the unorganised sector who aren't covered under any other social security schemes.

Who is Eligible for Atal Pension Yojana?

To be eligible for the Atal Pension Yojana, workers must meet the following criteria:

• The Atal Pension Yojana (APY) is open to those who are not a member of any statutory social security scheme.
• Any individual aged between 18 years to 40 years and have a bank account are eligible for the scheme.
• He/She will have to provide proof of possession along with their Aadhaar number or must undergo Aadhaar authentication.
• The subscriber should get their Aadhaar number recorded in the APY pension account as well as in their savings account.
• Providing of the Aadhar number is important for the debit of the contribution instalments and for the credit of government co-contribution.

Frequently Asked Questions about Atal Pension Yojana

Atal Pension Yojana – UPSC Notes:-

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