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• Atal Pension Yojana to supply an outlined pension, depending on the contribution and the interval of contribution. Authorities to contribute 50% of the beneficiaries’ premium restricted to Rs.1,000 annually, for 5 years, in the new accounts opened earlier than 31st December 2015.It focuses on the unorganized sector where almost 400 million employees representing greater than eighty per cent of all workers are engaged. Atal Pension Yojana would provide a fixed minimum pension Rs.A thousand to Rs.5000 per month starting from the age of 60. The quantity of pension will depend on the month-to-month contribution by the worker and the age at which the employee subscribes to the insurance. In any case, the person will have to subscribe beneath Atal Pension Yojana for a minimal of 20 years. The most important part of this Scheme is co-contribution by government of Rs.1000/- per annum or 50% of the full contribution whichever is lower, for the first 5 years if one joins the scheme before the top of the first 12 months of its launch, that is 31 December, 2015.
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