Page 2 - Atal Pension Yojana

Atal Pension Yojana enrolment crosses 60 mn, 7.9 mn additions in FY24

The total enrolment under the Atal Pension Yojana (APY) has crossed 6 crore, with over 79 lakh additions this fiscal, the finance ministry said on Tuesday. Under the APY, the subscriber is eligible to get triple benefits of lifelong monthly pension of Rs 1,000 to Rs 5,000 from the age of 60 years, depending on their contributions, which itself would vary based on the age of joining the APY. The same pension would be paid to the spouse of the subscriber after his or her demise and on the demise of both the subscriber and the spouse, the pension wealth as accumulated till age 60 of the subscriber would be returned to the nominee. "The feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all banks," the ministry added. The APY -- a flagship social security scheme of the Government of India -- was launched on May 9, 2015 by Prime Minister Narendra Modi to provide old age income security to Indian .

PFRDA asks govt to hike guaranteed pension under Atal Pension Yojana

Managed by PFRDA, the APY aims to establish a universal social security system for workers in the unorganised sector

Asset under management of NPS and APY crosses milestone of Rs 10 trillion

Asset under management of National Pension System (NPS) and Atal Pension Yojana (APY) has crossed a milestone of Rs 10 lakh crore, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty said on Friday. The landmark AUM was reached on August 23 and it took two years and 10 months to double from Rs 5 lakh crore. Of the total, AUM under APY stood at Rs 30,051 crore at the end of August 25 while the figure for NPS Lite reached Rs 5,157 crore. The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY) together increased to more than 6.62 crore. The National Pension System (NPS) has been implemented for all government employees (except armed forces) joining central government on or after January 1 2004. Most of the state/UT governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian citizen from May 1 2009 on a voluntary basis. Further, from June 1, 2

National Pension Scheme to add 1.3 million new subscribers in FY24

To roll out systematic withdrawal plan in October

Growth in APY enrolments driven by minimum assured pension of Rs 1k

Higher slabs of Rs 2K, Rs 3K, Rs 4K & Rs 5K have seen a decline in FY23

'Catch them young with their family' strategy for Atal Pension Yojana

As per the scheme administered by PFRDA, a subscriber will get a pension of Rs 1000-Rs 5,000 depending on the contribution from the age of 60

More than 52.5 mn subscribers enrolled in Atal Pension Yojana: FinMin

Over 5.25 crore subscribers have enrolled in Atal Pension Yojana (APY), the government's flagship social security programme launched eight years ago, the finance ministry said in a statement. The scheme was launched on May 9, 2015, by Prime Minister Narendra Modi with the objective of delivering old-age income security to all citizens of India, particularly to the workers in the unorganised sector. "The scheme has been implemented comprehensively across the country, covering all states and Union Territories with total enrolments crossing the mark of 5.25 crore," the ministry said in the statement. APY enrolments have continuously shown an increasing trend since its inception, it added. In new enrolments, there has been a growth of 20 per cent in 2022-23 over 2021-22. As of date, the total assets under management (AUM) in APY is more than Rs 28,434 crore and the scheme has generated an investment return of 8.92 per cent since inception of the scheme. The ministry further said this

Enrolments under APY cross 52 million mark; AUM over Rs 27,200 crore

It saw its highest-ever enrolments in FY23 since the inception of the scheme

NPS, APY subscribers rise 23% in FY23; over 1 crore customers added to APY

The number of subscribers under the National Pension Scheme (NPS) and Atal Pension Yojana (APY) increased 23 per cent to over 6.24 crore as of March 4, the Finance Ministry said on Friday. Of this, there was over 28 per cent growth in APY subscribers and more than 1 crore new customers were added. The total pension assets under management (AUM) under NPS and APY grew 23.45 per cent year-on-year to Rs 8.82 lakh crore as of March 4, 2023. "The number of subscribers under various schemes under the National Pension System (NPS) rose to 624.81 lakh as of March 4th 2023 from 508.47 lakh on March 5, 2022, showing a year-on-year (y-o-y) increase of 22.88 per cent," the ministry said in a statement. As of March 31 last year, the total number of NPS subscribers was 5.20 crore. Of the total 6.24 crore subscribers currently, 23.86 lakh and 60.72 lakh are central and state government employees, respectively. Corporate subscribers stood at 16.63 lakh. The number of APY subscribers rose 28.4 pe

More than 50 million citizens subscribe to Atal Pension Yojana: PFRDA

Pension Fund Regulatory & Development Authority (PFRDA) on Monday said more than 5 crore people have enrolled under Atal Pension Yojana (APY), the ?agship social security scheme of the central government. The scheme has done very well in the calendar year 2022 by enrolling more than 1.25 crore new subscribers in comparison to 92 lakh new subscriber's enrolment in the calendar year 2021, PFRDA said in a statement. Till date, 29 banks have already surpassed the annual target allocated by the government of India, it said. In the public sector bank category, Bank of India, State Bank of India and Indian Bank have achieved the allocated targets, while in the Regional Rural Bank (RRB) category, 21 banks have achieved the allocated targets, with the highest achievement by Jharkhand Rajya Gramin Bank, Vidharbha Konkan Gramin Bank and Baroda UP Bank, it said. PFRDA, in line with the saturation drive as announced by Prime Minister Narendra Modi in his Independence Day speech of 2021, took ..

A first: Atal Pension Yojana logs 10 million enrolments in a calendar year

The number of enrolments in 2022 rose to 12.5 million from 9.2 million in 2021

Income taxpayers can't join Atal Pension Yojana from Oct 1: Govt

Social security scheme should reach the poor and underprivileged, says official

Tax payers can no longer be a part of the Atal Pension Yojana: FinMin

A notification by the Ministry of Finance further said that those who are already a part of the APY scheme, will cease to be so from October 1 but they will receive their accumulated money

PFRDA pension scheme subscribers up 24% to 53.2 million by May end

Atal Pension Yojana (APY) -- the highest contributor to the subscriber base -- registered a growth of 31.6 per cent to 37.2 million by end of May this fiscal year.

NPS subscribers up 24 per cent YoY to 53.17 million in May: PFRDA

The Atal Pension Yojana scheme saw an increase in subscribers by 31.60 per cent to 37.2 million in May 2022

PFRDA plans to launch a guaranteed-return scheme in September 2022

Regulator looks to give three pension fund choices for each asset class in non-govt sector

Subscriber base of NPS, Atal Pension Yojana reaches 5.33 cr, says PFRDA

The total number of subscribers for National Pension Scheme (NPS) and Atal Pension Yojana (APY) stood at 5.33 crore as of June 4, PFRDA chairperson Supratim Bandyopadhyay said. As of June 4, 2022, the Asset Under Management (AUM) under NPS and APY was at Rs 7,39,393 crore. The number of subscribers in the category of central government employees of NPS was 22.98 lakh and AUM at Rs 21,876 crore. Total subscribers in state government employee category of NPS was 56.46 lakh and AUM at Rs 3,69,837 crore in the period. The subscriber base in corporate and pension categories was 14.79 lakh and 23.61 lakh, respectively. "Of late, (subscribers in) corporate and private segments are increasing at a much larger pace than in the government sector," Bandyopadhyay said. The Atal Pension Yojana subscriber base increased to 3.739 crore as of June 4.

PMJJBY subscription increases to 128 mn, PMSBY at 284 mn in 7 years

Changes introduced by the government in the claim settlement process have led to quicker and easier settlement of claims during the pandemic, Finance Minister Nirmala Sitharaman

Assets under management of NPS, APY cross Rs 6.99 trn: PFRDA

Total assets under management (AUM) as on January 1, 2022 stood at Rs 6,99,172 crore, PFRDA said

Atal Pension Yojna most popular social security scheme under NPS system

Total assets under management (AUM) for the National Pension System schemes saw a year-on-year growth of over 38 per cent