
Atal Pension Yojana (2015-2026): Assessing a Decade of India’s Pension Push
The Atal Pension Yojana (APY) was introduced in 2015 as a voluntary pension scheme to address a pressing gap in India's social security system. It was originally launched as the Swavalamban Yojana under the UPA government before being relaunched and renamed Atal Pension Yojana in 2015 and thus, giving the scheme a stronger and wider reach. This shift was necessary because most Indian workers exist outside formal employment. As a result, they do not receive employer-linked pension benefits, which leaves them with limited financial security after retirement. To address this, Atal Pension Yojana was designed to encourage retirement savings among this segment in order for subscribers to become entitled to a guaranteed monthly pension once they turn sixty.






