<h1>India Launches Atal Pension Yojana for Unorganised Workers; Fixed Pension on Retirement, Government Co-Contribution for Early Joiners.</h1> The Government of India has introduced the Atal Pension Yojana (APY) to enhance old age income security for workers in the unorganised sector. This initiative, announced in the 2015-16 budget, aims to provide fixed pensions ranging from Rs. 1,000 to Rs. 5,000 per month upon reaching 60 years of age, depending on the contributions made. Eligible individuals aged 18 to 40 can join, with a minimum contribution period of 20 years. The government will co-contribute 50% of the subscriber's contribution or Rs. 1,000 annually for five years, provided they join before December 31, 2015, and are not income tax payers. Existing Swavalamban Scheme subscribers will be migrated to APY.