Atal Pension Yojana Surpasses 8 Crore Enrolments Milestone
The Atal Pension Yojana, a key social security scheme from the Indian government, has exceeded 8 crore enrolments. This milestone includes 39 lakh new subscribers in the current fiscal year. APY, launched in 2015, targets the poor and underprivileged, offering a guaranteed monthly pension and additional benefits.
- Country:
- India
The Atal Pension Yojana (APY), a major social security initiative by the Government of India, has surpassed a significant enrolment benchmark, according to the Finance Ministry's statement on Friday.
Since its inception on May 9, 2015, APY has crossed 8 crore total enrolments, facilitated by the addition of 39 lakh new subscribers in the ongoing fiscal year.
Focused on the marginalized and unorganized sector workers, this voluntary pension scheme guarantees a monthly pension, offering financial security to thousands post-retirement.
(With inputs from agencies.)
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