Business Today

1.1 crore

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Number of subscriber­s for Atal Pension Yojana (APY), as per Pension Fund Regulatory and Developmen­t Authority. It was launched in May 2015 and the total premium received to date is ` 3,950 crore while the CAGR, till March 2018, stands at 9.1 per cent. The scheme aims to provide social security to a large labour pool from the unorganise­d sector by giving a guaranteed minimum pension of ` 1,000 per month at the age of 60. The amount may go up depending on the individual’s contributi­on.

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