December 15, 2015 4:54 PM

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Govt enrolls 12.5 lakh subscribers under APY within 6 months: Jaitley

Finance Minister Arun Jaitley today said government has enrolled over 12.50 lakh subscribers under Atal Pension Yojana (APY) within six months of its launch. In a written reply in the Rajya Sabha, Mr Jaitley said said APY is a long-term savings product, with at least 20 years of financial commitment, where a subscriber has to analyse his capacity to contribute and match it with his own requirement of an adequate pension amount, depending on his age of entry into APY. Mr Jaitley said the government has been taking various measures to encourage people to join APY.

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