India, Feb. 11 -- Prime Minister Narendra Modi will likely launch the government's new pension scheme for unorganised sector workers on February 15 and a trial run of the software of the new scheme is slated for Monday, a top government official said on condition of anonymity.

The scheme will be administered by the Life Insurance Corporation of India, the official said, adding that he and other officials are awaiting a confirmation of the launch date from the Prime Minister's Office.

The new scheme promises marginally higher benefits compared to its predecessor, the Atal Pension Yojana, but that may not result in the informal sector workers making a dash for it in substantially higher numbers, analysts say.

The Atal Pension Yojana, lau...