Atal Pension subscriber base reaches 97.6 lakh
New Delhi: The total number of Atal Pension Yojana (APY) subscribers reached 97.60 lakh as on April 12, official data showed on Tuesday.
Banks as well as the Department of Post have been engaged by the Pension Fund Regulatory and Development Authority of India (PFRDA) to sell this pension scheme, which was mainly introduced to provide a social security cover to those working in an unorganised sector.
"The total number of subscribers registered under the APY as on April 12, 2018 has crossed 97.60 lakh," the finance ministry said in a statement.
The scheme was implemented from June 2015 and those who have joined the APY before March 31, 2016 are eligible for a 50 per cent co-contribution up to a maximum of Rs 1,000 for a period of 5 years from 2015-16 to 2019-20.