Number of Atal Pension Yojana subscribers at 69 mn, corpus at Rs 35,149 cr

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Number of Atal Pension Yojana subscribers at 69 mn, corpus at Rs 35,149 cr - Business Standard

Quick Summary:

About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said on Wednesday.

APY is a low-cost pension scheme that offers a guaranteed minimum pension of Rs 1,000-5,000 per month from the age of 60 years onwards (depending on the contributions by the subscribers).

In case of death of the subscriber, the same pension will be provided to the spouse till he/she is alive.