1/7. Guaranteed pension scheme
Introduced in 2015, the Atal Pension Yojana is a government-backed social security scheme that offers a guaranteed pension after retirement.
2/7. Who can enroll in Atal Pension Yojana?
3/7. How to join?
5/7. What amount does subscriber need to contribute towards APY?
An individual will get an option to select the monthly pension amount from Rs.1000, Rs.2000, Rs.4000, or Rs.5000 at the time of joining. His or her contribution will depend on his age at the time of starting the scheme, frequency of contribution, and how much return he wants post-retirement.
6/7. Income tax benefits of Atal Pension Yojana
Do note that contributions made into the Atal Pension Yojana scheme are eligible for tax deduction under Section 80CCD of the Income Tax Act, 1961.
7/7. Aimed at unorganized sector workers
Atal Pension Yojana is aimed at providing financial security to people in the unorganised sector workers during their retirement life.