Lok Sabha Question No. 218 (UNSTARRED), answered on 2018-02-02
Subject: APY
Ministry: FINANCE
Asked by: PARBHUBHAI NAGARBHAI VASAVA, George Baker

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

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## LOK SABHA UN STARRED QUESTION NO. 218 TO BE ANSWERED ON FEBRUARY 02, 2018/MAGHA 13, 1939 (SAKA) APY

218. Shri Parbhubhai Nagarbhai Vasava: Shri George Baker

Will the Minister of FINANCE be pleased to state

- (a) the salient features of the Atal Pension Yojana (APY);
- (b) the number of subscribers enrolled under this scheme so far across the country, State/UT-wise;
- (c) the details of the funds sanctioned, allocated and utilised under this Scheme since its inception, State/UT-wise;
- (d) the details of the target set and achievements made under this scheme during the above-said period along with its results;
- (e) the steps taken/being taken by the Government to make APY scheme more effective and expand its area of coverage; and
- (f) whether the Government is planning/ proposing to make some amendments under this scheme, if so, the details thereof and the reasons therefor?

## ANSWER

## The Minister of State in the Ministry of Finance (Shri Shiv Pratap Shukla)

(a) The Atal Pension Yojana (APY) is a voluntary, periodic contribution based pension system, open to all saving bank/post office saving bank account holders in the age group of 18 to 40 years. It offers the following benefits:

- (i) Each subscriber under APY shall receive a Central Government guaranteed minimum pension of Rs. 1000 per month or Rs. 2000 per month or Rs. 3000 per month or Rs. 4000 per month or Rs. 5000 per month, after the age of 60 years until his/her death.
- (ii) After the subscriber's demise, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of such spouse.
- (iii) After  the  demise  of  both  the  subscriber  and  his/her  spouse,  the  nominee  of  the  subscriber  so named shall be entitled to receive the accumulated pension wealth, as accumulated till attaining the age of 60 years by the subscriber.

(b) PFRDA has informed that the scheme has covered nearly 84.35 lakh subscribers till 24 th January, 2018. The State-wise enrolments under APY is provided at Annexure A .

(c) & (d) The details of the funds sanctioned, allocated and utilized under APY since its inception, and the  details  of  target  set  and  achievements  made  under  this  scheme  are  placed  at Annexure  B and Annexure C respectively.

(e) & (f) The mode of payment of contribution by subscriber has been changed from only monthly to monthly,  quarterly,  and  half  yearly,  keeping  in  consideration  the  seasonal  income  earners.  Official mobile app  to  access  APY  accounts,  as  well  as  Value  Added  Facilities  like  E-PRAN  and  E-SOT  to access PRAN and Statement of transactions under the APY account online, has been launched. Periodic advertisements in print and electronic media in English, Hindi and regional languages, are being made. PFRDA is also conducting various promotional campaigns among the service providers (Banks and Post Offices)  like  Log-in  Days,  Elderly  Day-Campaigns  etc  to  popularize  and  create  awareness  about  the scheme. Progress of APY is being monitored on weekly basis through video conferences.

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## Annexure A referred to the reply to part (b) of Un-Starred Question No. 218 due for answer on 02.02.2018

The number of subscribers registered under APY, State/ UT/Scheme-wise as on 24 th January, 2018, is as under:

| S.No.   | Name of State            | Count of PRAN*   |
|---------|--------------------------|------------------|
| 1       | Andaman &Nicobar Islands | 3,278            |
| 2       | Andhra Pradesh           | 574,517          |
| 3       | Arunachal Pradesh        | 6,296            |
| 4       | Assam                    | 175,699          |
| 5       | Bihar                    | 911,778          |
| 6       | Chandigarh               | 13,126           |
| 7       | Chhattisgarh             | 131,923          |
| 8       | Dadra and Nagar Haveli   | 8,903            |
| 9       | Daman &Diu               | 14,523           |
| 10      | Delhi                    | 148,125          |
| 11      | Goa                      | 19,183           |
| 12      | Gujarat                  | 405,710          |
| 13      | Haryana                  | 173,668          |
| 14      | Himachal Pradesh         | 56,889           |
| 15      | Jammu &Kashmir           | 37,504           |
| 16      | Jharkhand                | 191,763          |
| 17      | Karnataka                | 554,737          |
| 18      | Kerala                   | 184,327          |
| 19      | Lakshadweep              | 3,240            |
| 20      | Madhya Pradesh           | 429,655          |
| 21      | Maharashtra              | 631,702          |
| 22      | Manipur                  | 10,232           |
| 23      | Meghalaya                | 10,237           |
| 24      | Mizoram                  | 13,700           |
| 25      | Nagaland                 | 30,216           |
| 26      | Orissa                   | 300,932          |
| 27      | Pondicherry              | 14,651           |
| 28      | Punjab                   | 270,037          |
| 29      | Rajasthan                | 441,386          |
| 30      | Sikkim                   | 16,558           |
| 31      | Tamil Nadu               | 692,159          |
| 32      | Telangana                | 229,719          |
| 33      | Tripura                  | 17,127           |
| 34      | Uttar Pradesh            | 1,203,724        |
| 35      | Uttaranchal              | 70,797           |
| 36      | West Bengal              | 436,959          |
|         | Total                    | 84,34,980        |

Source: PFRDA

## Annexure B referred to the reply to part (c) of Un-Starred Question No. 218 due for answer on 02.02.2018

Atal Pension Yojana : (Status as on 15.01.2018)

(Rs.

| Financial Year                                                                                                                        | Funds Allocated by Government of India                                                                                                | Grants Received                                                                                                                       | Funds expended by PFRDA*                                                                                                              | Funds Unutilised                                                                                                                      |
|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
| 2015-16                                                                                                                               | 173.00                                                                                                                                | 173.00                                                                                                                                | 21.20                                                                                                                                 | Rs. 151.80 (i.e. Rs. 173.00 cr- Rs. 21.20 cr)                                                                                         |
| 2016-17                                                                                                                               | 40.00                                                                                                                                 | 36.00                                                                                                                                 | 140.97                                                                                                                                | Rs. 46.83 cr (i.e. Rs.151.80 cr + Rs.36.00 cr - Rs.140.97 cr)                                                                         |
| 2017-18                                                                                                                               | 170.00                                                                                                                                | 105.00                                                                                                                                | 145.23                                                                                                                                | Rs. 6.60 cr (i.e. Rs. 46.83 cr + 105.00 cr - Rs. 145.23 cr)                                                                           |
| *Funds expended by PFRDA represent the payments released by PFRDA under Atal Pension Yojana Scheme during respective Financial Years. | *Funds expended by PFRDA represent the payments released by PFRDA under Atal Pension Yojana Scheme during respective Financial Years. | *Funds expended by PFRDA represent the payments released by PFRDA under Atal Pension Yojana Scheme during respective Financial Years. | *Funds expended by PFRDA represent the payments released by PFRDA under Atal Pension Yojana Scheme during respective Financial Years. | *Funds expended by PFRDA represent the payments released by PFRDA under Atal Pension Yojana Scheme during respective Financial Years. |

Source: PFRDA

in Cr.)

## Annexure C referred to the reply to part (d) of Un-Starred Question No. 218 due for answer on 02.02.2018

| FY 2015-16   | FY 2015-16   | FY 2016-17   | FY 2016-17   | FY 2017-18 (As on 24.01.2018)   | FY 2017-18 (As on 24.01.2018)   |
|--------------|--------------|--------------|--------------|---------------------------------|---------------------------------|
| Target       | Achievement  | Target       | Achievement  | Target                          | Achievement                     |
| 33314930     | 2396763      | 9197120      | 2295103      | 9818400                         | 3551998                         |