Schemes Launched by Modi Government

23. Atal Pension Yojana

Atal Pension Yojana
Atal Pension Yojana was launched by Modi government in Kolkata on May 9, 2015. This government backed pension scheme aims towards the unorganized sector (weavers, handloom workers, fishermen, leather workers, plantation labourers, beedi workers etc). It has been found that as of May 2015, only one-fifth of the country’s population has any legit pension policy. This scheme aims to increase the ratio. The subscribers can opt for a monthly pension plan ranging from ₹1,000 to ₹5,000. They are required to make monthly contributions regularly.