What is APY (Atal Pension Yojana)? — Meaning, Definition & Example
Definition
APY is a government-backed pension scheme for unorganized sector workers aged 18-40. Contributors receive guaranteed monthly pension of ₹1,000-5,000 after age 60, depending on contribution amount and age of joining. Government co-contributes 50% for eligible subscribers.
An 18-year-old contributing ₹42/month to APY will get guaranteed ₹1,000/month pension after age 60 — that is just ₹1.4/day for lifelong pension.
🇮🇳 APY (Atal Pension Yojana) in Hindi / हिंदी में
APY (अटल पेंशन योजना) — APY असंगठित क्षेत्र के कामगारों के लिए सरकार समर्थित पेंशन योजना है। 60 वर्ष की आयु के बाद ₹1,000-5,000 मासिक गारंटीकृत पेंशन मिलती है।
APY (Atal Pension Yojana) (Hinglish) — APY unorganized sector workers ke liye government pension scheme hai. 60 ki age ke baad ₹1,000-5,000 monthly guaranteed pension milti hai.