What is Atal Pension Yojana

On June 1, 2015, the government implemented APY to offer social security to workers, mostly in the unorganised sector. After turning 60, program participants receive a guaranteed minimum pension ranging from Rs 1,000 to Rs 5,000 per month, based on their contributions. The plan also allows a subscriber to adjust their pension amount once a year while it is still in the accumulation period.