Pension scheme info

Pension Schemes in India (2025): Benefits, Eligibility & How to Apply

Planning for retirement is essential — and the Indian government offers various pension schemes to help senior citizens, workers in the unorganized sector, and low-income families secure their future. These schemes offer monthly income, social security, and financial dignity in old age.

Here’s a list of major government pension schemes in India you should know in 2025:

1. 🧓 Atal Pension Yojana (APY)

APY is designed for workers in the unorganized sector (like drivers, maids, vendors) aged 18–40. Monthly contributions lead to guaranteed pensions of ₹1,000 to ₹5,000 after age 60.

• Eligibility: 18–40 years, savings account with Aadhaar
• Apply via: Banks or through mobile banking apps

2. 👵 Indira Gandhi National Old Age Pension Scheme (IGNOAPS)

Under NSAP (National Social Assistance Programme), this scheme gives pensions to BPL (Below Poverty Line) individuals above age 60.

• Age 60–79: ₹200/month (central share)
• Age 80+: ₹500/month
• Apply via: State govt portals or gram panchayat offices

3. 👨‍🔧 Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

A pension scheme for unorganized sector workers earning under ₹15,000/month. Subscribers contribute monthly until 60 years and get ₹3,000/month pension after retirement.

• Eligibility: Age 18–40, monthly income below ₹15,000
• Apply via: Common Service Centres (CSC)

4. 🏦 National Pension System (NPS)

NPS is a voluntary long-term investment scheme open to all citizens aged 18–70. It’s popular for tax-saving and post-retirement income.

• Tax Benefit: Up to ₹50,000 under Sec 80CCD(1B)
• Apply via: Banks, NPS portal, or fintech apps

✅ Key Tips

• Check eligibility based on age and income before applying
• Link Aadhaar and mobile for faster approval
• Use DigiLocker to store pension account proof and e-cards