1) The Atal Pension Yojana was introduced by the Government of India on May 9, 2015.
2) This scheme primarily targets elderly citizens across India.
3) The Pension Fund Regulatory and Development Authority oversees this government welfare program.
4) Under the scheme, senior citizens receive a monthly pension ranging from Rs 1000 to 5000.
5) The pension amount is directly deposited into the beneficiary's bank account.
6) Only individuals aged between 18 to 40 years are eligible for this scheme.
7) The central government contributes 50% towards this scheme.
8) Individuals enrolled in the government's 'Swavalamban Scheme' are automatically transferred to the Atal Pension Yojana.
9) To avail the benefits, beneficiaries are required to make regular monthly contributions until a certain age.
10) It serves as a form of financial support for elderly citizens in India.