Atal Pension Yojana

The Atal Pension Yojana is a government-backed pension scheme aimed at providing financial security to workers in the unorganized sector. It encourages individuals to save for retirement by offering a guaranteed pension based on contributions. The scheme promotes social security and ensures a stable income during old age

The Atal Pension Yojana provides significant benefits by offering financial security to individuals in the unorganized sector, ensuring a stable income during their retirement years. It encourages people to save for the future by allowing them to contribute regularly to a pension fund, with the promise of a guaranteed pension based on their contributions. This scheme promotes social security, especially for workers without formal retirement benefits, reducing their financial vulnerability in old age. Additionally, the government provides co-contributions for eligible individuals, making the scheme more accessible and beneficial, ultimately supporting long-term economic stability for low-income workers.