Atal Pension Yojana in Hindi | APY Scheme | Atal Pension Scheme 2022-23 apy 2023
Prime Minister Shri Narendra Modi had announced Atal Pension Yojana in 2015, before this the word pension was being used by linking it with government job but Atal Pension Yojana guaranteed pension to every citizen of India .
In today’s article, we will talk about what is Atal Pension Yojana, who can take Atal Pension, what is the eligibility criteria for the scheme, how much pension will be given in the scheme, when will the pension be given, and many other information. I will share with you.
What is Atal Pension Yojana (APY)?
On June 1, 2015, Prime Minister Shri Narendra Modi announced Atal Pension Yojana (APY) under which every citizen of India who is above 18 years of age can enroll himself for pension.
This pension is not related to the pension of disabled, old people or government employees but it is a general pension scheme which will be given to the youth of India after they attain the age of 60 years.
Whoever wants to apply for this pension will have to deposit a very small amount every month from his account with the government for pension. After the age of 60 years, the government will give you this entire amount as pension every month. Will do.
The Pratima pension to be received after the age of 60 years will be determined on the basis of the amount deposited by the applicant every month, which we have discussed in detail in this article.
Eligibility Criteria Atal Pension Yojana Atal Pension Yojana
To avail the benefits of Atal Pension Yojana, candidates have to fulfill the following conditions which we have described below:
- Applicants must be Indian. Atal Pension Yojana (APY) can be availed only by Indian citizens living in India.
- It is mandatory to be 18 years of age to apply. Youth below 18 years of age cannot apply for Atal Pension Yojana.
- The maximum age to apply for Atal Pension Yojana is 40 years. Citizens above 40 years of age cannot apply for pension.
- Any person, whether he works in government or non-government sector and belongs to organized or unorganized sector, can avail the benefit of this pension.
- All such citizens who are associated with any other government assistance cannot apply.
- For example, if the workers working in coal mines have already applied under the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948, then they cannot apply for Atal Pension again.
- Similarly, if employees working in Assam tea gardens or working anywhere else are connected to any pension scheme, then they cannot apply for Atal Pension Yojana.
Benefits of APY Atal Pension Yojana
After applying for Atal Pension Yojana (APY), youth will get the following benefits:
- After the age of 60 years, applicants will receive an amount of Rs 1000 to ₹ 5000 as pension.
- The government will guarantee to provide a fixed amount per month to the applicants.
- In case of death before 60 years of age, the bank will provide the entire amount to the nominee of the applicant.
- If the applicant wishes, he can cancel his pension at any time in between and whatever money has already been deposited for the pension will be returned to his account after 10-15 days.
- The younger the age of the applicants, the more benefits they will get.
- The closer the age of the applicant is to 18 years, the less will he have to pay as premium.
- The closer the age of the applicant is to 40 years, the higher will be the premium.
Apply For Atal Pension Yojana 2023
It is very easy to apply for Atal Pension Yojana. You can apply for Atal Pension Yojana by following the following steps:
- First of all you must have a savings account. If you do not have a savings account then you should have an account in the post office.
- You have to go to your bank branch and take the form for Atal Pension Yojana from the manager.
- Fill the Atal Pension Yojana (APY) form.
- To deposit the premium you have to choose between monthly/quarterly/half yearly.
- You have deposited the required amount in your account to deposit the premium.