The total enrolment under the Atal Pension Yojana (APY) has crossed 6 crore, with over 79 lakh enrolments in the current Financial Year. This was announced by the Ministry of Finance yesterday in a press release. The Ministry added that the feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all banks.
The APY is a flagship social security scheme of the Government of India which was launched on 9th May 2015 by Prime Minister Narendra Modi to provide old age income security to Indian citizens. The scheme focuses particularly on the poor, underprivileged, and workers in the unorganized sectors.
