Pension Fund Authority has decided to involve more cooperative banks to enroll more beneficiaries in the Atal Pension Yojna (APY) scheme in the state of Tamil Nadu, reports The New India Express.
Special campaigns and programmes among the cooperative banking sector in the state are being undertaken for the purpose. While 5,500 people from the cooperative sector had enrolled for APY, only 20 cooperative banks had shown interest in implementing the said scheme, lamented an official.
Atal Pension Yojana was announced in the 2015-16 budget. It is focused on all citizens in the unorganised sector. In it there is a guaranteed minimum monthly pension ranging between Rs 1,000 and Rs 5,000 and it is applicable to all citizens aged between 18 and 40 years.