Over 11.7 million new subscribers were enrolled under the Atal Pension Yojana (APY) in FY25, the low-cost pension plan for the masses, taking the total number of APY subscribers to 76 million.
The total assets under management under APY now exceed Rs 44,780 crore, with annual returns of 9.11% since inception, according to the Pension Fund Regulatory and Development Authority (PFRDA).
Under APY, launched in 2015, a subscriber would receive a lifelong minimum guaranteed pension of Rs 1000 to Rs 5000 per month from the age of 60 years, depending on their contributions.
In 2024-25, a record about 55% of new enrolled subscribers were women, reflecting increasing financial awareness and gender balance.
Under APY, a subscriber would receive a lifelong minimum guaranteed pension of Rs.1000 to Rs.5000 per month from the age of 60 years, depending on their contributions. The same pension is passed on to the spouse of the subscriber after the demise of the subscriber and on the demise of both the subscriber and spouse, the pension wealth as accumulated till age 60 of the subscriber would be returned back to the nominee.
To further expand the social security net, the Pension Fund Regulatory and Development Authority (PFRDA) conducted 32 APY outreach programs pan India at various locations, in coordination with State Level Bankers Committees (SLBCs) and lead district managers (LDMs). It also held regular training and awareness sessions for bank officials, SLBCs/UTLBCs, subscribers and general public; mass media campaigns in Print, Radio, TV, social media and Theatres.
Special radio campaigns were launched during events like Mahakumbh and ICC Champions Trophy.
The minimum age of joining APY is 18 years and maximum age is 40 years. The age of exit and start of pension would be 60 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more. Contributions under APY are eligible for tax benefit under Sec. 80 CCD under old tax regime.