Atal Pension Yojna(APY), launched in 2015, provides for pension ranging from Rs.1000 to Rs. 5000 for people from unorganized sector and for farmers above the age of 60 years. Maximum age for registering under the Yojna is 40 years and the pension is paid after the person reaches 60 years of age. A total of 38 lakh subscribers have been enrolled under APY. However, three serious concerns remain:
Firstly, no such welfare measures exist for farmers right now. Atal Pension Yojana provides pension of Rs. 1000-5000 for age group of 18-40 years. It means the earliest beneficiary will be in 2035 and the one 18 year old will benefit in the year 2057
It remains unclear as to what value Rs. 1,000-5,000 hold 20 to 42 years later.
Considering, there is no welfare measure put in place by Modi Government that benefits the farmers currently today, not 20 years later, the promise is considered “Broken”