• APY was launched on 9 May 2015.

  • It is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

  • It primarily targets workers in the unorganised sector and seeks to provide old-age income security.

  • Subscribers receive a guaranteed minimum pension of ₹1,000–₹5,000 per month after attaining 60 years, depending on the contribution option.

  • Eligibility is generally for Indian citizens aged 18–40 years with a savings bank/post-office account.

  • The Union Cabinet approved continuation of APY up to FY 2030–31.

  • APY crossed 9 crore gross enrolments in April 2026.

Key Pointers

  • Launch: 2015

  • Regulator: PFRDA

  • Pension starts: 60 years

  • Guaranteed pension: ₹1,000–₹5,000/month

  • Target: Unorganised-sector workers

  • Continuation: Up to 2030–31

  • UPSC link: Financial inclusion + social security