You are here: Home » News-IANS » Business-Economy
Business Standard

Subscriber base of pension scheme crosses 1 cr: Centre

IANS  |  New Delhi 

The government on Tuesday said that the subscriber base of the (APY) had crossed the one-crore mark on completion of three years of the scheme.

The current number of subscribers to the guaranteed pension scheme for citizens, which was launched by in May 2015, stands at 1.10 crore, a government statement said.

The scheme is focused on the unorganised sector workers who constitute more than 85 per cent of the workforce in the country.

Under the scheme, the guaranteed minimum pension of Rs 1,000 to Rs 5,000 per month will be given at the age of 60, depending on the contributions by the subscribers.

On completion of three years of the scheme, the and the in the organised an outreach campaign across the country to increase enrolments in the by banks and the

--IANS

vv/tsb/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 19:54 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU