The scheme is open to Indian citizens aged 18 to 40, with income taxpayers ineligible since October 2022. It provides a fixed monthly pension of Rs 1,000 to Rs 5,000 starting at age 60, with contributions varying based on age and pension preference. A minimum contribution period of 20 years is mandatory. Initially, the government contributed 50% of the subscriber’s contribution or up to Rs 1,000 annually for five years for those enrolled between June 2015 and March 2016, provided they were not income taxpayers or part of any statutory social security scheme. With a focus on digital integration, rural outreach, and women’s participation, APY continues to expand its reach across India, with women making up over 55% of new subscribers in FY 2024-25, moving closer to the scheme’s vision of “Pension for All.”

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The APY is a flagship social security scheme of the Government of India which was launched on 9th May 2015 by Prime Minister Narendra Modi to provide old age income security to Indian citizens. The scheme focuses particularly on the poor, underprivileged, and workers in the unorganized sectors.

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