Atal Pension Yojana: Total enrolment under Atal Pension Yojana crosses 6 cr; 79 lakh additions this fiscal | India News
NEW DELHI: The total enrolment under the Atal Pension Yojana (APY) has crossed 6 crore, with over 79 lakh
The same pension would be paid to the spouse of the subscriber after his or her demise and on the demise of both the subscriber and the spouse, the pension wealth as accumulated till age 60 of the subscriber would be returned to the nominee.
“The feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all banks,” the ministry added.
The APY — a flagship social security scheme of the Government of India — was launched on May 9, 2015 by Prime Minister Narendra Modi to provide old age income security to Indian citizens, with particular focus on the poor, underprivileged, and workers in the unorganised sectors.