Atal Pension Yojana - APY
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What is the minimum monthly pension guaranteed under the Atal Pension Yojana (APY)?
The minimum guaranteed monthly pension under APY is Rs. 1,000, with options up to Rs. 5,000 depending on the contribution amount and entry age.
In which year was the Atal Pension Yojana launched by the Government of India?
2015 (May 9, 2015)
Who is the nodal ministry responsible for administering the Atal Pension Yojana?
The Ministry of Finance, Government of India, is the nodal ministry for APY, while the scheme is managed and administered by the Pension Fund Regulatory and Development Authority (PFRDA).
Which scheme did APY replace as the primary pension scheme for the unorganised sector?
Swavalamban Scheme (NPS Lite)
What is the age eligibility criterion for joining the Atal Pension Yojana?
Any Indian citizen between the ages of 18 and 40 years can join APY, ensuring a minimum contribution period of 20 years before pension begins at age 60.
What is the minimum age at which a subscriber must have joined APY to be eligible for government co-contribution?
Subscriber must have joined before December 31, 2015
What is the pension commencement age under the Atal Pension Yojana?
The pension under APY commences at the age of 60 years, after the subscriber has made contributions for the required minimum period.
What is the government co-contribution percentage offered under APY for eligible subscribers?
50% of total contribution or Rs. 1,000 per annum, whichever is lower
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