Quick Summary
Over 65 lakh enrolments in Atal Pension Yojana in Financial Year 2021-22 so far The journey of Atal Pension Yojana (APY) over six and half years since its inception has been substantive with 3.68 crore enrolments. The performance in this financial year has been good as more than 65 lakh subscribe
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FAQ :
Since its inception in 2015, the Atal Pension Yojana has achieved 3.68 crore enrolments.
The APY aims to provide old-age income security, especially for citizens in the unorganised sectors.
Key benefits include a guaranteed minimum pension of Rs 1000 to Rs 5000 at age 60, lifetime pension for the spouse upon the subscriber's death, and the entire pension corpus paid to the nominee if both subscriber and spouse pass away.
Any Indian citizen between the ages of 18 and 40 years who has a bank account can subscribe to the APY.
The male to female subscription ratio is currently improving, standing at 56:44.
The asset under management for APY is approximately Rs 20,000 crore.
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