Current Affairs - Miscellaneous - Discussion

The Pension Fund Regulatory and Development Authority of India (PFRDA) announced that Atal Pension Yojana (APY) run by it has reached a subscriber base of 80 lakh and is growing at good pace. Uttar Pradesh is the highest contributing state at 11.41 lakh APY subscribers, followed by Bihar (8.87 lakh) and Tamil Nadu (6.60 lakh). It is available to all citizens of India in the age group of 18-40 years (thus the minimum period of contribution by the subscriber is 20 years). There is no exit to the scheme before the age of 60.