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Key Points

The Atal Pension Yojana has achieved a significant milestone with over 8.11 crore enrollments nationwide. In its 10th year, the scheme recorded the fastest-ever 50 lakh subscriber additions in a single fiscal year. The program has shown particular popularity among women and youth, with 55% of recent enrollments being female. PFRDA remains committed to expanding coverage to ensure every eligible citizen secures a dignified retirement future.

Key Points: Atal Pension Yojana Reaches 8.11 Crore Enrollments with Rs 48000 Crore AUM

  • Over 1.17 crore new subscribers enrolled in FY 2024-25 alone
  • 46% of enrollments come from youth aged 18-25 years
  • Scheme shows 9.12% CAGR since inception with strong growth
  • 55% of total enrollments in current fiscal are women subscribers
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Atal Pension Yojana crosses 8.11 crore enrollments with over Rs 48,000 crore AUM

Atal Pension Yojana hits 8.11 crore subscribers with over Rs 48,000 crore AUM, achieving fastest-ever 50 lakh enrollments in FY 2024-25.

"APY is a robust and sustainable pension product - S. Ramann, PFRDA Chairperson"

New Delhi, Aug 25

The total gross enrollments under Atal Pension Yojana (APY) have crossed 8.11 crore (as of August 21), of which more than 1.17 crore new subscribers were enrolled in FY 2024-25, the government said on Monday.

The APY, in its 10th year, achieved the fastest-ever 50 lakh subscribers in a single fiscal year, with 46 per cent enrolments from youth aged 18–25 years.

The Pension Fund Regulatory and Development Authority (PFRDA) organised the APY Annual Felicitation Programme here. S. Ramann, Chairperson, PFRDA, urged all stakeholders to continue working with dedication towards building a pensioned society.

He recognised the banking fraternity’s crucial support and shared that APY, with more than Rs 48,000 crore asset under management (AUM) and 9.12 per cent CAGR since inception, is a robust and sustainable pension product.

He urged all banks, particularly private sector banks, to enhance efforts, improve persistency, and drive financial literacy to achieve pension saturation.

APY has been implemented comprehensively across the country covering all states and Union Territories.

It is rapidly gaining popularity amongst female population and younger generation of the country. In the FY 2024-25, out of the total enrolments, 55 per cent were women.

In FY2024-25, the banking fraternity demonstrated outstanding commitment towards APY’s success.

Among public sector banks, Bank of India (126 per cent), State Bank of India (123 per cent), and Indian Bank (118 per cent) led the achievers, followed by Punjab and Sind Bank (106 per cent) and Union Bank of India (103 per cent).

In the ‘Major Private Banks’ category, IDBI Bank excelled with 145 per cent achievement.

Regional Rural Banks (RRBs) emerged as frontrunners, with Jharkhand Rajya Gramin Bank (393 per cent) and Tripura Gramin Bank (351 per cent) setting benchmarks, alongside strong performances from Punjab Gramin Bank (157 per cent), Andhra Pradesh Grameena Bank (152 per cent), and Assam Gramin Vikash Bank (149 per cent).

With APY emerging as a trusted retirement solution for millions, PFRDA reaffirmed its commitment to working closely with banks and post offices to ensure every eligible citizen is covered under the scheme, securing a dignified future for all.

- IANS

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Reader Comments

P
Priya S
Great to see 55% women enrollment! Financial independence for women is crucial for their empowerment. More awareness campaigns needed in rural areas though - many women there still don't know about such schemes.
A
Aman W
The 9.12% CAGR is impressive! Better returns than many fixed deposits. I enrolled my parents last year and the process was surprisingly simple through our local bank. More people should take advantage of this.
S
Sarah B
While the numbers look good, I hope the government ensures transparency in fund management. Pension schemes need to be absolutely secure since people's retirement depends on them. Regular audits and updates would build more trust.
Karthik V
Good to see youth participation (46% from 18-25 age group). Starting early with small contributions can build substantial retirement corpus due to compounding. More financial literacy programs in colleges would help!
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Nisha Z
Regional rural banks performing exceptionally well shows the scheme is reaching grassroots level. This is how we build an inclusive economy. Jai Hind! 🙏

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