NewKerala.com

Key Points

The Atal Pension Yojana has crossed 8 crore enrolments, marking a major milestone in its 10th year. The scheme provides guaranteed monthly pensions for India's unorganised workforce. PFRDA's multilingual campaigns and govt backing have driven its success. APY offers financial security with payouts up to ₹5,000 for subscribers and spouses.

Key Points: Atal Pension Yojana Hits 8 Crore Enrolments in 10th Year

  • APY crosses 8 crore enrolments with 39 lakh added this fiscal
  • Scheme guarantees ₹1,000-₹5,000 monthly pension post-60
  • Targets unorganised sector workers aged 18-40
  • Backed by PFRDA outreach programs and govt support
2 min read

Atal Pension Yojana achieves major milestone, gross enrolments surpass 8 crore

APY achieves 8 crore enrolments, offering guaranteed pensions for unorganised sector workers as it marks a decade since launch.

"APY ensures 'Sampurna Suraksha Kavach' with guaranteed pensions for India's unorganised workforce – Finance Ministry"

New Delhi, July 26

The Atal Pension Yojana (APY) has achieved a significant milestone by surpassing 8 crore total gross enrolments with an addition of 39 lakh new subscribers in the current Financial Year (FY 2025-26) alone, said the Union Finance Ministry.

This milestone comes as the scheme celebrates its 10th anniversary since its launch on May 9, 2015.

Launched with a vision to create a universal social security system for all Indians, APY is a voluntary, contributory pension scheme, focused on the poor, the underprivileged, and workers in the unorganised sector. Its remarkable success is a result of the dedicated and untiring efforts of all Banks, Department of Posts (DoP) and SLBCs/UTLBCs and the continued support of the Government of India, said the ministry.

PFRDA has actively driven enrolments through outreach programs, training, multilingual handouts, media campaigns, and regular reviews.

The APY is meticulously designed to provide 'Sampurna Suraksha Kavach' (Complete Security Shield), by ensuring a guaranteed monthly pension of ₹1,000 to ₹5,000 for the subscriber post-60 years of age, the same pension to the spouse after the subscriber's demise, and return of the accumulated corpus to the nominee after the death of both.

It is open to all Indian citizens between the age of 18-40 years except those who are or have been income tax payers.

The APY is a flagship social security scheme of the Central government, administered by the Pension Fund Regulatory and Development Authority (PFRDA).

- ANI

Share this article:

Reader Comments

P
Priya S
Great initiative but implementation needs improvement. My maid enrolled but didn't understand the terms properly. Banks just push for targets without proper explanation. More financial literacy programs needed!
A
Arjun K
₹1000-5000 pension may seem small to urban folks, but for rural poor this is life-changing money! Kudos to Modi govt for this scheme. My village's chaiwala bhaiya enrolled last month - he's so relieved about his future now.
S
Sarah B
As an NRI, I'm impressed by India's social security efforts. The spouse and nominee benefits make APY stand out from Western pension plans. Wish more young Indians would take advantage of compounding benefits by enrolling early!
K
Kavya N
They should increase the upper age limit beyond 40! Many people in informal sector realize need for pension only in their 40s. Also, ₹5000 maximum is too low with today's inflation. Scheme needs periodic revision.
V
Vikram M
The real success is reaching 8 crore enrollments despite financial illiteracy in our country. Post office staff deserve credit - they patiently explain the scheme to illiterate villagers in local languages. Jai Hind 🇮🇳

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50