How National Pension Scheme differs from Atal Pension Yojana?
National Pension Scheme (NPS), launched in 2004, is open to all citizens and mandatory for central government employees. Atal Pension Yojana (APY), launched in 2015, is government-guaranteed scheme mainly for unorganised sector workers. NPS allows 60% lump-sum withdrawal upon maturity with 40% to be used for pension. APY allows people to get minimum pension of ₹1,000-₹5000/month post retirement.