Launch Date: 9.5.2015
Objective: To provide financial security in old age through guaranteed minimum monthly pension for those working in informal sector or daily wagers in the age group of 18 to 40 years
Achievements:
- Government contribution- 50 percent of beneficiaries’ premium (up to Rs. 1000) for 5 years in new accounts opened before December 31, 2015.
- As on 21st March, 2017, a total of 46.80 lakh subscribers have been enrolled under APY with a total pension wealth of Rs. 1713.214 crores.
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