Table of contents | |
Kazind-21 | |
Zapad 2021 | |
Atal Pension Yojana | |
MoU between Department of Animal husbandry & Dairying (DAHD) & Department of Rural Development (DoRD) |
About Kazind-21
About Zapad
Atal Pension Yojana is a pension scheme under the Government of India. This scheme replaces the Swavalamban Yojana and was established to provide old age income security to the workers belonging to the unorganised sector. The Atal Pension Yojana was launched by PM Narendra Modi on 9th May 2015 in Kolkata. The scheme focuses on encouraging workers of unorganised sectors to save for their future.
Atal Pension Yojana Scheme – Latest Update
The flagship social security scheme of the Government of India – ‘Atal Pension Yojana’ (APY) – has completed five years of implementation on 9th May 2020 and garnered over 2.2 crore subscribers.
Pension Fund Regulatory and Development Authority
- It is the statutory Authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the National Pension System (NPS).
- It works under the Department of Financial Services under the Ministry of Finance.
Target Segment: The scheme was launched on 9th May 2015, with the objective of creating a universal social security system for all Indians, especially the poor, the underprivileged and the workers in the unorganised sector.
National Pension System
- NPS is a government-sponsored pension scheme. It was launched in 2004 for government employees.
- Now, any individual citizen of India (both resident and non-resident) in the age group of 18-65 can join NPS.
The success of the APY Scheme
- The journey of APY over these five years has been phenomenal and as on 9th May 2020 –
- The total enrolment under the scheme stood at 2,23,54,028.
- During the first two years of its launch, almost 50 lacs subscribers were enrolled which doubled to 100 lacs in the third year and the milestone of 1.50 crore was achieved in the 4th year.
- In the last financial year i.e. 2020, almost 70 lacs subscribers were enrolled under the scheme.
- Apart from remarkable enrolments, the scheme has been implemented comprehensively across the country covering all states and Union Territories with a male to a female subscription ratio of 57:43.
- As on 30th April 2020, the total number of subscribers under NPS and Atal Pension Yojana has crossed 3.46crore
Context: An MoU has been signed between the DAHD and the DoRD.
What is the MoU for?
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