New Delhi, Sept. 12 -- Part of the broader National Pension System (NPS), the Atal Pension Yojana (APY) provides pension cover for poor, underprivileged, and unorganised sector workers between 18-40 years who are not income tax-payees.

Earlier this week, the Bank of Maharashtra (BoM), State Level Bankers' Committee (SLBC) and PFRDA conducted an outreach drive in Thane district focused on enrolment in the scheme, particularly for those from the unorganised sector, PTI reported citing officials.

BoM officials stressed on the importance of coordinated banking efforts to extend social security to underserved populations, noting that APY's guaranteed monthly pension benefits can secure financial stability for citizens, it added.

A governmen...