UP tops Atal Pension Yojana with 1.2 mn, or 14% of all-India enrolments

APY corpus estimated at touch Rs 34 billion by end FY18

Uttar Pradesh has topped the Atal Pension Yojana (APY) clocking maximum 1.2 million of the total 8.6 million enrolments under the flagship social security scheme of the Narendra Modi government.

APY is a pension scheme for the unorganised sector launched in June 2015. The scheme had replaced the previous government's Swavalamban Yojana, which was non-guaranteed and had also failed to enthuse the targetted population.

“With about 1.2 million enrolments under APY, UP accounts for almost 15 per cent of the total enrolments,” Pension Fund Regulatory and Development Authority (PFRDA) executive director A G Das told Business Standard here. UP is