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India
The Atal Pension Yojana (APY), a flagship government initiative aimed at providing financial security to India’s unorganized sector workers, has surpassed 7.60 crore gross enrollments as of March 31, 2025. This achievement marks a significant milestone in the scheme’s 10th year, reflecting its growing popularity and effectiveness in ensuring a secure retirement for millions.
Strong Growth in Subscriber Numbers
In the financial year 2024–25, APY enrolled over 1.17 crore new subscribers, continuing its strong momentum with more than 1 crore new subscribers in each of the past three financial years. The total assets under management (AUM) now exceed ₹44,780 crore, with annual returns of 9.11 percent since inception.
Empowering Women Subscribers
In 2024–25, a significant shift occurred in the Atal Pension Yojana, with women accounting for approximately 55 percent of new enrollments. This surge in female participation highlights a growing awareness of financial planning among women and marks a positive step toward gender balance in India’s financial sector. It underscores the increasing recognition of the importance of securing a stable retirement for women, empowering them with the tools to build a financially secure future.
Nationwide Outreach and Awareness Initiatives
To further promote the scheme, the Pension Fund Regulatory and Development Authority (PFRDA) conducted 32 APY Outreach programs across India in coordination with State Level Bankers’ Committees (SLBCs) and Lead District Managers (LDMs). These programs included regular training and awareness sessions for bank officials, SLBCs/UTLBCs, subscribers, and the general public. Mass media campaigns were launched through print, radio, TV, social media, and theatres. Special radio campaigns were also launched during events like Mahakumbh and the ICC Champions Trophy.
Guaranteed Pension Benefits
Under APY, subscribers receive a lifelong minimum guaranteed pension ranging from ₹1,000 to ₹5,000 per month from the age of 60, depending on their contributions. The same pension is passed on to the spouse of the subscriber after the demise of the subscriber. Upon the demise of both the subscriber and spouse, the accumulated pension wealth until the subscriber’s age of 60 is returned to the nominee.
(With Inputs From ANI)
