ATAL PENSION YOJANA: JAN DHAN TO JAN SURAKHSHA
BRIEF OF ATAL PENSION YOJANA
- The Government of India is concerned about the old age income security of the working poor and is focused on encouraging and enabling them to save for their retirement.
- To address the longevity risks among the workers in unorganized sector and to encourage the workers in unorganized sector to voluntarily save for their retirement
- The GoI has therefore announced a new scheme called Atal Pension Yojana (APY) in 2015-16 budget. The APY is focussed on all citizens in the unorganized sector.
- The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through NPS architecture.
