Government releases INR 100 crore for APY

Q.  Government has released INR 100 crore towards which yojana for 2015-2016?
- Published on 19 Jul 16

a. Atal Pension Yojana
b. Sukanya Samriddhi Yojana
c. Nai Roshni Scheme
d. None of the above

ANSWER: Atal Pension Yojana
Government of India has released INR 100 crore towards co-contribution for Atal Pension Yojana for 2015-2016.
  • As per the scheme, those who have registered before March 31, 2016 will get co-contribution from the government which will be 50 percent of the subscriber contribution up to a total of INR 1000.
  • Co-contribution will be for 5 years from 2015-2016 to 2019-2020.
  • Government of India through PFRDA has released co-contribution for 2015-2016 for 16.96 lakh eligible APY subscribers amounting to INR 99.57 crore.
  • Subscribers lacking pending contribution in accounts till March 2016 won’t be paid with co-contribution
  • Government is implementing Atal Pension Yojana through banks and Department of Post.
  • Total number of subscribers registered under this yojana has crossed 30 lakh as on June 30,2016.

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