Atal Pension Yojana (APY)
The Govt. of India announced a new scheme in 2015-16 budget called Atal Pension Yojana (APY) with an objective to ensure old age income security for the citizens in the unorganized sector. Under the APY, guaranteed minimum pension of Rs. 1,000/-, 2,000/-, 3,000/-, 4,000 & 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.