Atal Pension Yojana (APY), a government-backed pension scheme in India, primarily targeted at the unorganised sector, has attracted total enrolments of more than 70m since its launch in May 2015, according to the Pension Fund Regulatory and Development Authority (PFRDA), which is in charge of the supervision and regulation of pensions in India.
PFRDA said in a statement that it has taken several initiatives to increase awareness of the scheme such as conducting APY Outreach Programmes at state and district levels, engaging in publicity through various media channels, releasing a one-pager simple APY flyer/handout in Hindi, English and 21 regional languages and regular performance reviews.
The minimum age for joining APY is 18 years and the maximum is 40 years. The age of exit and start of pension payments is 60 years.