Atal Pension Yojana’ was introduced to encourage workers in the unorganized sector to voluntarily save for retirement.
The Govt. India has always been concerned about the security of old age income.
India concerned about the security of old age income or retirement status of workers in the unorganized sector.
Under APY, subscribers can get pension from minimum 1000 to maximum Rs 5000 per month
1000 to maximum Rs 5000 per month for life above 60 years of age
Five types of optional monthly pension are offered
These are: Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000.
Investors must be at least 18 years and Max 40 Years of age to join.