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Atal Pension Yojana Records 7.65 Crore Subscribers and Strengthens Retirement Security for India’s Unorganised Sector.

National | Dated: 13 May 2025

Launched on May 9, 2015, and operational from June 1, 2015, the Atal Pension Yojana (APY) is a flagship social security scheme by the Government of India (GoI) under the Ministry of Finance (MoF). It aims to provide retirement security and financial stability to workers in the unorganised sector and economically weaker sections of society.

🎯 Key Highlights:

  • - The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) and functions under the National Pension System (NPS) architecture.
  • - APY is a voluntary savings scheme that offers defined pension benefits depending on the subscriber’s age at entry and contribution amount.
  • - It was initially open to all Indian citizens aged 18–40 years. However, from October 1, 2022, individuals paying income tax are no longer eligible to enroll.

💡 Other Important Facts:

  • (i) APY has seen rapid growth in enrolment, rising from 1.54 crore subscribers in March 2019 to 7.65 crore as of April 2025.
  • (ii) The scheme has mobilized a total corpus of Rs 45,974.67 crore, reflecting strong participation and growing awareness about pension planning in India’s informal workforce.
  • (iii) The Pension Fund Regulatory and Development Authority (PFRDA) was initially set up to regulate and promote pension schemes in India. It was granted statutory status through the PFRDA Act, 2013, passed in September 2013 and notified on February 1, 2014.

📚 Test Your Knowledge:

Recently, how many total enrolments have been recorded under Atal Pension Yojana (APY) as of April 2025?

Correct Answer: 7.65 crore

🚀 Quick Recap:

About Pension Fund Regulatory and Development Authority (PFRDA)

  • Chairman: Sivasubramanian Ramann
  • Headquarters: New Delhi