Atal Pension Yojana gross enrolments cross 7 crore mark

In its 10th year since rollout, the Atal Pension scheme has achieved a significant milestone. The total gross enrolments under the scheme have crossed the 7 crore mark, with an enrolment of over 56 lakh in the current financial year (2024-25) so far.

This feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all the Banks and SLBCs/UTLBCs, according to a statement by the Pension Fund Regulatory and Development Authority (PFRDA). 

The PFRDA has taken several initiatives for awareness creation of the scheme in the recent past. It has conducted APY Outreach Programs at state and district levels, organised awareness and training programs, taken up tasks publicity-related through various media channels, released a one-pager simple APY flyer/handout in Hindi, English, and 21 regional languages, and conducted regular performance reviews.

APY has been designed in such a way that it provides ‘sampurna suraksha kavach’ (full protective cover) to not only the subscriber by providing a life-long defined and guaranteed pension amount but also to the spouse by providing the same pension amount after the demise of the subscriber, and then to the family by returning the entire corpus (accumulated till the age of 60 years) to the nominee after the death of the subscriber and spouse.