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Atal Pension Yojana
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Atal Pension YojanaAtal Pension Yojana is a government-backed pension scheme in India targeted at the unorganised sector. It was originally mentioned in the 2015 Budget speechby Finance Minister Arun Jaitley in February 2015.[1] It was formally launched by Prime Minister Narendra Modi on 9 May in Kolkata.[2] As of May 2015, only 11% of India's population has any kind of pension scheme, this scheme aims to increase the number.
In Atal Pension Yojana, for every contribution made to the pension fund, the government will
contribute an equal amount to his/her fund. Depending on the contribution made between 18 and
40, at the age of 60 a sum of 1,000, 2,000, 3,000, 4,000, or ₹5,000 will be paid monthly.[1][3]
This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan
Yojana scheme and the contributions will be deducted automatically. Most of these accounts had
zero balance initially. The government aims to reduce the number of such zero balance accounts
by using this and related schemes
Bachat Lamp YojnaBachat Lamp Yojana is a program by the government of India to reduce the cost of compact
fluorescent lamps (CFLs, i.e., energy saving lights) sold to consumers.[1] Implemented through
the Bureau of Energy Efficiency (BEE) in India's Ministry of Power, the program's goal is to
deliver CFLs at the cost of normal lightbulbs. The difference in cost will be covered by the sale of
Certified Emission Rights under the Clean Development Mechanism of the Kyoto Protocol.[2]
Lighting accounts for almost 20% of the total electricity demand in the country. The majority of
lighting needs in the country are met by incandescent bulbs, particularly in the household sector.
Incandescent bulbs are extremely energy inefficient as over 90% of the electricity is converted
into heat, and only up to 10% is used for lighting.