Atal Pension Yojana subscribers 7.65 cr

New Delhi: Atal Pension Yojana has accumulated a record 7.65 crore subscribers, and women make up about 48 per cent of all, according to data from the government.

Atal Pension Yojana (APY) was launched in May 2015, to address the twin challenges of longevity risks and lack of retirement security among India’s vast unorganised workforce.

The scheme, offering defined pension benefits based on the age of joining and the amount of contribution, was designed to encourage voluntary savings for retirement. It targeted primarily at poor and underprivileged workers in the informal sector and has emerged as one of the most inclusive and accessible social security initiatives in India.