Total registrations under Atal Pension Yojana (APY) have crossed 7 crore, with more than 56 lakh registrations in the current financial year 2024-25
The total registrations under the Atal Pension Yojana (APY) have crossed 7 crore, while it has crossed 56 lakh in the current financial year 2024-25. The scheme has entered the 10th year of its implementation and has achieved a major milestone by bringing the most vulnerable sections of the society under the ambit of pension through tireless efforts of all banks and SLBC/UTLBC
The Pension Fund and Regulatory Development Authority (PFRDA)
In the recent past, the Pension Fund and Regulatory Development Authority (PFRDA) has taken a number of initiatives to create awareness about schemes such as organising APY out programmes at the state and district levels, conducting awareness and training programmes, dissemination through various media, simple APY flyers/handouts of one page in Hindi, English and 21 regional languages. and regular performance reviews.
APY is designed in such a way that it not only provides a lifetime specific and guaranteed pension amount to the user, but also by paying the same pension amount to the spouse after the death of the user and later to the selected person after the death of the customer and the wife, the entire corpus (collected up to the age of 60 years).
APY is a flagship social security scheme of the Government of India, launched on 9 May 2015 with the objective of creating a universal social security read more
