Pension scheme milestone: Atal Pension Yojana enrolments cross 8 crore mark, adds 39 lakh subscribers in FY26
The Atal Pension Yojana (APY), the Centre's flagship social security scheme aimed at unorganised sector workers, has surpassed 8 crore total gross enrolments, the Finance Ministry said on Friday.
The scheme added 39 lakh new subscribers in the current financial year so far, marking a significant expansion in its outreach.
Launched on May 9, 2015, and administered by the Pension Fund Regulatory and Development Authority (PFRDA), the scheme is designed to create a universal social security safety net for Indians, particularly targeting the economically weaker sections, PTI reported.
In a statement, the Finance Ministry said, 'The Atal Pension Yojana (APY), a flagship social security scheme of the Government of India administered by PFRDA, 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.'
What is Atal Pension Yojana?
Atal Pension Yojana
(
APY) is a voluntary and contributory pension scheme that assures a guaranteed monthly pension ranging from Rs 1,000 to Rs 5,000 after the subscriber turns 60. In the event of the subscriber's death, the same pension amount is payable to the spouse, and the accumulated pension corpus is returned to the nominee after the demise of both.
The scheme is open to all Indian citizens aged between 18 and 40 years, except those who are or have been income-tax payers.
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