Atal Pension Yojana (APY), a pension scheme for citizens of India, is focused on the unorganised sector workers. Under the APY, guaranteed minimum pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers. Atal Pension Yojana provides a defined pension, depending on contribution, and its period. The APY will be focused on all citizens in the unorganized sector.
APY administrated by Pension Fund Regulatory and Development Authority (PFRDA)

• Eligible Age: 18 years to 40 years
• Fixed Minimum Pension of Rs. 1,000/- - 5,000/- per month starts at the age of 60 years.
• Fixed Minimum Pension would be guaranteed by the GoI
• If Higher investment returns are received on the contribution of subscribers of APY, higher corpus would be paid
• After demise of the subscribers, Pension would be paid to his/her spouse.
• Corpus amount to be paid to the legal heirs after demise of the subscribers & his/her spouse