Atal pension yojana में हुआ बदलाव | Atal pension yojana new rules for income tax payer

In this video we will discuss what is atal pension yojana, New rules of APY.
All about Atal pension yojana (APY):- The Government of India is concerned about the old age
income security of the working poor and is focused on
encouraging and enabling them to save for their retirement.
To address the longevity risks among the workers in
unorganized sector and to encourage the workers in
unorganized sector to voluntarily save for their retirement.
The GoI has therefore announced a new scheme called Atal
Pension Yojana (APY)1
in 2015-16 budget. The APY is
focussed on all citizens in the unorganized sector.

Under the APY, there is guaranteed minimum monthly
pension for the subscribers ranging between Rs. 1000
and Rs. 5000 per month.

The benefit of minimum pension would be guaranteed
by the GoI.

APY is applicable to all citizen of India aged between
18-40 years.

GoI will co-contribute to each eligible subscriber, for
a period of 5 years who joins the scheme between the
period 1st June, 2015 to 31st December, 2015. The
benefit of five years of government Co-contribution
under APY would not exceed 5 years for all subscribers
including migrated Swavalamban beneficiaries.

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