The Government has made a co-contribution amount of Rs 57,078.22 lakh disbursed till February 2021 under Atal Pension Yojana.
The Atal Pension Yojana is a Government of India Scheme launched on May 9, 2015, and became operational from June 1, 2015. It is open to all citizens of India between 18-40 years of age, having a savings bank account in a bank or post office.
The benefits of the scheme will arise to the subscribers on attaining the age of 60 years. Five pension plan slabs are available under the scheme namely, Rs 1000, Rs 2000, Rs 3000, Rs 4000, and Rs 5000 guaranteed by Government of India to the subscriber at the age of 60 years. On death of subscriber, same pension to spouse is guaranteed by Government of India.
The Central Government co-contributes 50% of the total contribution or Rs. 1000 per annum, for those subscribers who have joined the scheme during the period June 1, 2015 to Marh 31, 2016, and who are not members of any statutory social security scheme and who are not income tax payers.
