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Senior CitizensCentral GovernmentVerified 1 Sep 2026
Atal Pension Yojana (APY)
Nodal Implementing Authority: Pension Fund Regulatory and Development Authority (PFRDA), Ministry of Finance
Administrative ScopeCentral Government
CategorySenior Citizens
Target BeneficiariesUnorganized sector workers, daily wage earners, and self-employed citizens aged 18 to 40 years
Scheme Purpose & Core Objectives
A statutory defined-benefit pension scheme administered by PFRDA targeted predominantly at unorganized sector workers to provide old-age financial income security.
Key Benefits Provided to Beneficiaries
Guaranteed monthly pension ranging from Rs. 1,000 to Rs. 5,000 starting from the age of 60 years until death
Same pension amount continues to the surviving spouse upon subscriber's demise
Return of full accumulated corpus to the nominee after the death of both subscriber and spouse
General Eligibility Criteria
Statutory qualifications required for enrollment without volatile budgetary or transient criteria.
✓Indian citizen aged between 18 and 40 years
✓Must have a savings bank account linked with Aadhaar and mobile number
✓Applicant must not be an income taxpayer (as per revised guidelines effective October 2022)