The Union Government has extended the benefits of the Atal Pension Yojana (APY), bringing cheer to employees across India. Under this scheme, eligible subscribers can receive a monthly pension of up to ₹5,000, which is directly credited to their bank accounts after retirement. APY is aimed mainly at workers in the unorganised sector, encouraging long-term savings and financial security in old age. Depending on the age of entry and contribution amount, subscribers can choose pension slabs of ₹1,000 to ₹5,000. The government also supports the scheme by covering gaps if returns fall short, making it a reliable social security initiative.<br /><br />~ED.447~
