Has the Atal Pension Yojana Surpassed 8 Crore Enrollments?
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Synopsis
The Atal Pension Yojana achieves a historic milestone by surpassing 8 crore enrollments, with 39 lakh new members added in FY 2025-26. This social security scheme, aimed at uplifting the underprivileged, marks its 10th anniversary and highlights the government's commitment to financial security for all citizens.
Key Takeaways
- Over 8 crore total enrollments in APY.
- 39 lakh new members added in FY 2025-26.
- APY guarantees a monthly pension post-60 years.
- Open to citizens aged 18-40 years, excluding income taxpayers.
- Women comprise approximately 48% of total subscribers.
New Delhi, July 25 (NationPress) The Atal Pension Yojana (APY) has reached a remarkable milestone, exceeding 8 crore total enrollments with an impressive addition of 39 lakh new subscribers in the current Financial Year (FY 2025-26), as announced by the Ministry of Finance on Friday.
This achievement coincides with the 10th anniversary of the social security scheme, which was launched on May 9, 2015.
The APY was introduced with the goal of establishing a universal social security system for all citizens of India. It is a voluntary and contributory pension scheme that primarily targets the economically disadvantaged, underprivileged, and workers in the unorganised sector.
The scheme's notable success is attributed to the relentless efforts of various banks, the Department of Posts (DoP), and other stakeholders, along with the ongoing support from the Government of India, as highlighted in a press statement.
The Pension Fund Regulatory and Development Authority (PFRDA), which oversees the APY, has effectively promoted enrollments through outreach initiatives, training sessions, multilingual materials, media campaigns, and consistent reviews.
The APY is thoughtfully structured to offer a security shield, guaranteeing a monthly pension ranging from Rs 1,000 to 5,000 for subscribers after the age of 60, with the same pension amount provided to the spouse upon the subscriber's passing.
Moreover, the accumulated corpus is returned to the nominee after the demise of both partners.
The scheme is accessible to all Indian citizens aged between 18 and 40 years. However, individuals who pay income tax are ineligible for the Atal Pension Scheme.
Earlier this April, the subscriber base of APY reached 7.65 crore, with women representing about 48 percent of the total, according to government data.
Initially, the scheme was available to all citizens aged between 18 and 40 years. However, starting from October 2022, individuals paying income tax were excluded from eligibility.
Point of View
The Atal Pension Yojana stands as a testament to the government’s unwavering commitment to social security. With its significant growth in enrollments, the program reflects an increasing recognition of the need for financial safety nets among the underprivileged, reinforcing the importance of inclusive economic policies.
NationPress
26/07/2025
Frequently Asked Questions
What is the Atal Pension Yojana?
The Atal Pension Yojana is a voluntary, contributory pension scheme aimed at providing financial security to the underprivileged and workers in the unorganised sector.
Who is eligible to subscribe to APY?
All Indian citizens aged between 18 and 40 years can subscribe, except those who pay income tax.
What are the pension benefits under APY?
Subscribers can receive a guaranteed monthly pension of Rs 1,000 to 5,000 after the age of 60, with the same amount provided to the spouse after the subscriber's death.
How many enrollments has APY achieved?
As of FY 2025-26, the Atal Pension Yojana has surpassed 8 crore total enrollments.
What support does the government provide for APY?
The government supports the APY through various outreach programs, training, and campaigns, ensuring its continued success.
