- News: On April 21, 2026, the Atal Pension Yojana (APY) achieved a historic milestone, surpassing a total enrollment figure of 90 million (9 crore) subscribers.
- Objective: To establish a universal social security system for all Indians.
- Nature: It is a voluntary and contributory pension initiative.
- Launch Date: May 9, 2015.
- Target Group: Its primary focus is to provide pension security to workers in the unorganized sector, the poor, and the underprivileged sections of society.
- Regulatory Body: Pension Fund Regulatory and Development Authority (PFRDA).
- Eligibility: All Indian citizens aged between 18 and 40 years and who are not income tax payers.
- Key Slogan: "With APY, you have a protective shield for life." (*APY ka Saath hai to Jeevan ka Suraksha Kavach Saath hai*)
- Three-Tiered Benefit Structure:
- Minimum Guarantee: Provides a guaranteed monthly pension ranging from ₹1,000 to ₹5,000 after the age of 60.
- Family Security: Upon the death of the subscriber, their spouse continues to receive the same pension amount.
- Return of the Pension Wealth: After the demise of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber.
The subscribers are required to contribute the prescribed contribution amount from the age of joining APY till age 60 to enjoy the triple benefits.
