Atal Pension Yojana

APY offers guaranteed monthly pensions for unorganised sector workers, while NPS is a flexible, market-linked retirement savings option for a wider audience. Details here.

The Atal Pension Yojana aims to establish a universal social security system in India, offering a guaranteed monthly pension to subscribers based on contributions made till 60 years of age. Here's all you need to know….

The Pension Fund Regulatory and Development Authority's Atal Pension Yojana is a government initiative that seeks to create a universal social security system providing pension cover for the poor, underprivileged, and unorganised sector workers.

The PFRDA is assessing the demand to increase the monthly pension cap under the APY from ₹5,000, according to PFRDA Chairman S Ramann. The subscriber base is projected to exceed 10 crore in FY27, showing an 18% growth.

The Atal Pension Yojana has seen significant growth since its launch in 2015, achieving 8.96 crore enrolments by March 2026, with a focus on gender inclusivity and financial literacy. Its design allows for flexibility, making it a successful pension scheme for India's diverse population.

The government said following the equity infusion that the number of MSMEs receiving financial assistance from SIDBI is expected to rise from 7.62 million at the end of FY25 to about 10.2 million by FY28, or about 2.57 million new beneficiaries.

PFRDA chairman S. Ramann has underscored the need for new measures to increase enrolments under the Unified Pension Scheme, as current figures remain low. The Atal Pension Yojana, however, has seen significant success with over 8.1 crore subscribers and strong youth participation.

Atal Pension Yojana 2023: APY provides old-age income security to citizens, particularly those in unorganised sectors. Forms can be obtained online or at nationalised banks.

Atal Pension Yojana: The finance ministry on Thursday said the move is to ensure better targeting of pension benefits to underserved sections of the population.