Atal Pension Yojna for All Citizens | How to apply in West Bengal | Benefits of Atal Pension Yojana

Site Link:- http://www.jansuraksha.gov.in/FORMS-APY.aspx

The Government announced the introduction of universal social security

schemes in the Insurance and Pension sectors for all Indians, specially the poor and

the under-privileged, in the Budget for the year 2015-16. Therefore, it has been

announced that the Government will launch the Atal Pension Yojana (APY), which

will provide a defined pension, depending on the contribution, and its period. The

APY will be focussed on all citizens in the unorganised sector, who join the National

Pension System (NPS) administered by the Pension Fund Regulatory and

Development Authority (PFRDA). Under the APY, the subscribers would receive the

fixed minimum pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per

month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending

on their contributions, which itself would be based on the age of joining the APY. The

minimum age of joining APY is 18 years and maximum age is 40 years. Therefore,

minimum period of contribution by any subscriber under APY would be 20 years or

more. The benefit of fixed minimum pension would be guaranteed by the

Government. The APY would be introduced from 1st June, 2015.

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