Govt mulls doubling Atal Pension Yojana payout cap to boost uptake, retention
Mint·4h ago·Hope
What Happened
India's finance ministry, with PFRDA, is examining doubling the Atal Pension Yojana's assured pension ceiling from ₹5,000 to ₹10,000 monthly. The proposal aims to boost enrolments and reduce dropouts in the scheme covering 90 million informal workers. Rising living costs and high subscriber discontinuation justify the enhancement.
Key Entities
Atal Pension Yojana (APY)Finance MinistryPFRDA₹10,000 monthly pensionInformal sector workers90 million subscribers