Cajoled by officials of a local public sector bank, she had in December 2015 enrolled herself in the then newly launched Atal Pension Yojana (APY), a contributory pension scheme the Narendra Modi government touted as a major welfare initiative. She will receive a monthly pension of Rs 4,000 after turning 60, which is 28 years away. The scheme promises each subscriber a monthly pension of Rs 3,000 on turning 60. More than 30 lakh people have already enrolled in the Maan-dhan scheme over the past six months. Social activist Nikhil Dey, whose organisation Pension Parishad has been demanding universal non-contributory pension, said informal-sector workers cannot be expected to pay regular contributions.

Source: The Telegraph September 29, 2019 21:00 UTC