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Atal Pension Yojana Recorded Over 3.30 Crore Enrolments

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Under the Atal Pension Yojana (APY), a guaranteed pension scheme of Government of India and administered by PFRDA, more than 28 lakh new APY accounts have been opened during current FY 2021-22. Overall, enrolments under APY has crossed 3.30 crore as on 25th August 2021.

The year on year Bank Category wise number of APY enrolments is as follows:

Category of BanksAs on (March 31, 2016)As on (March 31, 2017)As on (March 31, 2018)As on (March 31, 2019)As on (March 31, 2020)As on (March 31, 2021)Additions from April 1, 2021 to August 25, 2021As on (August 25, 2021)
Public Sector Banks1,693,1903,047,2736,553,39710,719,7581,56,75,4422,12,52,43520,74,4202,33,26,855
Private Banks218,086497,323873,9011,145,28915,62,99719,86,46777,87520,64,342
Small Finance Bank & Payment Bank   573723597618539142247051078619
Regional Rural Banks476,3731,115,2571,987,1763,171,15243,30,19057,10,7704,21,10461,31,874
Cooperative Banks21,90333,97845,62154,38570,55680,0734,55484,627
DOP75,343189,998245,366270,3293,02,7123,32,1417,7743,39,915
Total24,84,89548,83,82997,05,4611,54,18,2852,23,01,6583,02,15,80028,10,4323,30,26,232

The Top Banks having more than 1 lakh APY enrolments during current FY 2021-22 are:

 

Sr. No.Bank NameNumber of APY accounts enrolled between April 1, 2021 to August 24, 2021
1State Bank of India7,99,428
2Canara Bank2,65,826
3Airtel Payments Bank Limited2,06,643
4Bank Of Baroda2,01,009
5Union Bank of India1,74,291
6Bank Of India1,30,362
7Indian Bank1,13,739
8Central Bank of India1,04,905
9Punjab National Bank1,01,459

The Top states having more than 10 lakh enrolments under the APY as on 25th August 2021 are:

Sr. NoState NameNumber of APY enrolments
1Uttar Pradesh49,65,922
2Bihar31,31,675
3West Bengal26,18,656
4Maharashtra25,51,028
5Tamil Nadu24,55,438
6Andhra Pradesh19,80,374
7Karnataka19,74,610
8Madhya Pradesh19,19,795
9Rajasthan16,16,050
10Gujarat13,50,864
11Orissa12,45,837

Out of the total enrolments under APY as on 25th August 2021, nearly 78% subscribers have opted for Rs 1,000 pension plan while around 14% for Rs 5,000 pension plan. Further, around 44% are female subscribers and also around 44% subscribers getting enrolled are very young and belong to the age-group of 18-25 years.

In the recent past, PFRDA has undertaken new initiatives like addition of new features in the APY mobile App and its availability on Umang platform, updation of APY FAQs, issuance of APY Subscriber Information Brochure and APY Citizen Charter in 13 regional languages for expanding the outreach of the APY Scheme and for the benefit of existing and potential APY subscribers as well as APY service providers.

Encouraged by the increasing number of enrolments under the Scheme since its inception, PFRDA will continue its endeavour to popularize the scheme through organization of various APY Campaigns at national and State level, coordination with State Level Bankers’ Committee (SLBCs) and National Rural Livelihood Mission ( NRLM), advertisements through print, socail & electronic media etc. in the FY 2021-22 to take total enrolments under APY to greater heights and contribute towards making India a pensioned society.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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