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    <title>Atal Pension Yojana (APY) - launched by the Government of India in May, 2015, primarily targeted at the unorganised sector and informal workers</title>
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    <description>Atal Pension Yojana creates a defined benefit pension for unorganised sector workers with selectable guaranteed minimum monthly pensions, flexible contribution frequencies, and procedures to regularise defaults. The Central Government provides a limited-period co-contribution to eligible subscribers and guarantees funding to cover any shortfall if investment returns are inadequate, while surplus returns benefit subscribers. Survivor rules permit a spouse to continue contributions after premature death to preserve pension entitlement, and the corpus is payable to a nominee if both subscriber and spouse die.</description>
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