The Government of India is concerned about the old age  income security of the working poor and is focused on
encouraging and enabling them to save for their retirement.To address the longevity risks among the workers in
unorganized sector and to encourage the workers in unorganized sector to voluntarily save for their retirement

• The GoI has therefore announced a new scheme called Atal Pension Yojana (APY) in 2015-16 budget. The APY is focussed on all citizens in the unorganized sector.

• The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through
NPS architecture.