The Atal Pension Yojana (APY programme) is the scheme began by the Government of India to benefit the sections of the region, which do not have any securities for aged age, i.e., the unorganised sections of the culture. The scheme was began in the year 2015 by the Finance Minister Arun Jaitley. The scheme was finally and formally launched by the honourable PM Shri. Click Here on Might 9th in the town of Kolkata. As for every the surveys executed, only eleven% of the inhabitants of the nation has a safety in the sort of pension. The APY programme has been started out to improve this amount.

One particular of the key issues of the economically weaker citizens, who following reaching the age of sixty, have no means of secure income to support themselves, is acquiring some amount as a secure cash flow to fend for by themselves and dwell a dignified existence with no currently being dependent on other people. With this really thought, the Government of the nation came up with the previously mentioned plan to reward the weaker sections of the modern society.

About the APY System (Atal Pension Yojana)

The minimum age to join the Atal Pension Yojana is eighteen a long time and the optimum age to be a part of is 40 several years. The pension will begin at the age of 60. The bare minimum time period of time of the contribution to be produced by the personal underneath the Yojana must be twenty years or much more. The APY programme is managed by PFRDA (Pension Fund Regulatory and Growth Authority).