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• Atal Pension Yojana to offer a defined pension, depending on the contribution and the period of contribution. Government to contribute 50% of the beneficiaries’ premium limited to Rs.1,000 each year, for five years, in the new accounts opened earlier than 31st December 2015.It focuses on the unorganized sector where nearly 400 million employees representing greater than 80 per cent of all employees are engaged. Atal Pension Yojana would offer a hard and fast minimal pension Rs.A thousand to Rs.5000 monthly starting from the age of 60. The quantity of pension will rely upon the month-to-month contribution by the employee and the age at which the employee subscribes to the insurance. In any case, the individual must subscribe underneath Atal Pension Yojana for a minimal of 20 years. The most significant a part of this Scheme is co-contribution by authorities of Rs.1000/- per annum or 50% of the entire contribution whichever is lower, for the primary 5 years if one joins the scheme earlier than the top of the first 12 months of its launch, that is 31 December, 2015.

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