Women and Youth Drive Massive Expansion of APY, Assets Cross ₹54,000 Crore


Atal Pension Yojana Hits Record Growth with 1.35 Crore New Subscribers

 

Any Time News Network | Pooja Srivastava

Pension Fund Regulatory and Development Authority (PFRDA) organised the Annual Felicitation Programme of the Atal Pension Yojana (APY) in New Delhi, recognising top-performing banks, SLBCs, and district managers for their outstanding contribution during FY 2025-26. The event highlighted the remarkable expansion of APY as one of India’s most important social security initiatives.

Speaking at the event, M. Nagaraju, Secretary of the Department of Financial Services, stated that APY has crossed 9 crore gross enrolments and more than ₹54,000 crore in Assets Under Management (AUM). He revealed that a record 1.35 crore new subscribers joined the scheme during FY 2025-26, reflecting growing awareness about long-term financial security among citizens.

S. Raman emphasized the increasing importance of retirement planning, particularly among younger citizens. He noted a significant rise in enrolments in the 18–25 age group, indicating stronger financial awareness and future-oriented savings behaviour among Indian youth.

Mamta Shankar highlighted that women’s participation under APY reached a record 55.14% during FY 2025-26, marking a major achievement in financial inclusion and women empowerment. She also praised banks and stakeholders for expanding the reach of the pension scheme across urban and rural India.

Among public sector banks, State Bank of India, Union Bank of India, and UCO Bank emerged as leading performers by surpassing their annual enrolment targets. Regional rural banks and cooperative banks also recorded impressive growth figures.

PFRDA reaffirmed its commitment to strengthening pension awareness, improving customer experience, and expanding pension coverage nationwide with the support of banks and the Department of Posts.

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