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Now 97.05 lakh subscribers base under Atal Pension Yojana

PFRDA has taken various initiatives for the expansion of outreach and ease the operations under APY.


Government Press Release
Updated: 02-04-2018 19:12 IST
Now 97.05 lakh subscribers base under Atal Pension Yojana

APY became operational from 1st June 2015 and is available to all citizens of India in the age group of 18-40 years. (Image credit: Twitter)

At the end of Financial Year 2017-18, 97.05 lakh subscribers have enrolled under Atal Pension Yojana. The incremental addition of 48.21 lakh subscribers was a 98 percent more than previous Financial Year 2016-17 figure of 48.83 lakhs. PFRDA appreciates the efforts taken out by the APY Service Providers (Banks/DoP) for their contribution towards making India a Pensioned Society.

PFRDA has taken various initiatives for the expansion of outreach and ease the operations under APY. Online facility to view Statement of Account and ePRAN card was enabled for the easy access of account of APY subscribers, going ahead mobile applications for empowering the subscribers to view transactions and other details of their APY account was introduced.

For the convenience of the subscriber and promoting the digital initiatives of GOI, PFRDA introduced the online registration facility through eNPS Channel by login to a website www.enps.nsdl.com without any requirement of the physical document.

APY became operational from 1st June 2015 and is available to all citizens of India in the age group of 18-40 years. Under the scheme, a subscriber would receive a minimum guaranteed pension of INR1000 to INR 5000 per month, depending upon his contribution, from the age of 60 years. The same pension would be paid to the spouse of the subscriber and on the demise of both the subscriber and spouse, the accumulated pension wealth is returned to the nominee.

Now APY can also be opened through a complete digital channel through eNPS platform. A subscriber can view and print the ePRAN card and Statement of Transactions.

Growth of Atal Pension Yojana during the Previous Financial Years

No. of Subscribers

Financial Year

Absolute

Cumulative

2015-2016

2,484,895

2,484,895

2016-2017

2,398,934

4,883,829

2017-2018

4,821,632

9,705,461

(This is a reproduced press release from the government of India as it is. Devdiscourse bears no responsibility towards grammatical or factual errors that may have been presented in the report.)

COUNTRY : India