Atal Pension Yojana

  • Guaranteed pension of Rs.1000 to Rs.5000 (depending upon contribution) receivable at the age of 60 years.
  • Eligibility: Primarily focussed on Unorganised workers (But any Indian Citizen in the age-group 18 to 40 years can join through their savings bank account or post office savings bank account)
  • Government contribution: 50% of total prescribed contribution up to Rs 1000 per annum.
  • Conditions:
    • Subscribers should not be Income taxpayers
    • Available only for a period of 5 years
  • Ministry: Ministry of Finance
CriteriaPradhan Mantri Shram Yogi Maan-DhanAtal Pension Yojana
Year20192015-16
ScopeOld age protection and Social SecurityOld age protection and Social Security
EligibilityUnorganized Workers in the age-group 18-40 years and earning less than Rs 15,000 per monthFocused on Unorganized Workers But any Indian Citizen in the age-group 18 to 40 years can join through their savings bank account or post office savings bank account)
Age-group18-40 years18-40 years
Contribution50:50 contribution by subscriber and central GovernmentGovernment Contribution: 50% of total prescribed contribution up to Rs 1000 per annum. 2 Conditions: 1. Available only for a period of 5 years between 2015-16 to 2019-20. 2.  Subscribers should not be Income taxpayers or covered under any existing schemes.
Amount of ContributionRanges between Rs 55 to Rs 200 per month depending upon entry ageRanges between Rs 42 to Rs 1454 per month depending upon entry age and minimum pension
Minimum Assured PensionRs 3000 per month upon attaining 60 yearsRanges between Rs 1000 to Rs 5000 per month
Family Pension50% of the pension to the spouseSame amount of Pension guaranteed to spouse
MinistryMinistry of Labour and EmploymentMinistry of Finance

Leave a Reply

Your email address will not be published. Required fields are marked *

The maximum upload file size: 20 MB. You can upload: image, document, archive. Drop files here