Income taxpayers can't join Atal Pension Yojana from Oct 1: Govt

It has been said that the income taxpayers availing Atal Pension Yojana (APY) will be restricted from October 1 this year inorder to ensure that the benefits from such a scheme is reaching in to the poors and underprivileged .

This scheme (APY ) has been launched in 2015 

and is a social security scheme for citizen aged 18 to 40 . The people's who join the scheme will get a guaranteed pension of 1000 to 5000 rupees based on their contribution .their contribution can be in monthly quarterly half yearly .If the person is dead ,then the pension will be procured by  spouse. If both of them  is no more then the pension will be returned to nominee .