121 crores released towards Government of India co-contribution in Atal Pension Yojana (APY)

121 crores released towards Government of India co-contribution in Atal Pension Yojana (APY); Total number of subscribers registered under APY as on 12th April 2018 has crossed 97.60 lakhs. Atal Pension Yojana (APY) is being implemented through the APY Service Providers comprising of Public Sector Banks(PSBs), Private Sector Banks, Regional Rural Banks (RRBs), Cooperative Banks and Department of Post both in urban and rural areas across the country. The total number of subscribers registered under APY as on 12 th April 2018 has crossed 97.60 lakhs. The scheme provides for a co-contribution from Government of India for those who have registered before 31/3/2016 with an amount of 50% of the subscribers contribution up-to a maximum of Rs. 1000/- and these subscribers will be eligible for co-contribution for a period 5 years from 2015-16 to 2019-20 only those subscribers who are not income tax payers and not part of any other social security schemes are eligible for Gove...