APY corpus estimated at touch Rs 34 billion by end FY18
While the government has a pension scheme for the BPL persons but the amount is meagre and is not sufficient for old age needs
APY was available for subscription through banks, banking correspondents and through internet banking.
SBI has 51,000 APY accounts and other prominent banks like Canara Bank has 32,306 APY
APY scheme is being implemented through 235 service providers consisting of banks