The Pension Fund Regulatory and Development Authority (PFRDA) is stepping up its initiative to achieve the target of one crore accounts under the Atal Pension Yojana (APY) by the fiscal-end. Focused on the workers in the unorganised sector, PFRDA has already been able to open 73 lakh such accounts so far, Chairman Hemant Contractor said. The regulator is going all out to promote pension scheme in the rural areas with the help of regional rural banks. PFRDA had run a campaign in Uttar Pradesh. It had targeted to open one lakh accounts under the scheme during the 10-day campaign period early this month alone.
Atal Pension Yojana is open to all bank account holders.
Read more of this in a report by George Mathew published in The Sunday Express...
