Lok Sabha Question No. 4744 (UNSTARRED), answered on 2019-07-22
Subject: Atal Pension Yojana
Ministry: FINANCE
Asked by: Prabhubhai Nagarbhai Vasava

The Minister of State (Finance) (Shri Anurag Singh Thakur)

- (a) The Atal Pension Yojana is a Government of India Scheme launched on 9th May, 2015, and became operational w.e.f.  1st  June,  2015.  It  is  open  to  all  citizens  of  India  between  18-40  years  of  age,  having  a savings bank account in a bank or post-office. The salient features of the scheme are as follows:
- The APY is a contributory pension scheme open to all citizens of India between 18-40 years of age. The benefits of the scheme will arise to the subscribers on attaining the age of 60 years.
- Five pension plan slabs are available under the scheme namely, Rs 1000, Rs 2000, Rs 3000, Rs 4000 and Rs 5000 guaranteed by Government of India to the subscriber at the age of 60 years. On death of subscriber, same pension to spouse is guaranteed by Government of India.
- Return of full pension corpus to nominee in the event of death of both subscriber and the spouse.
- If the actual returns during the accumulation phase are higher than the assumed returns for minimum guaranteed pension, such excess will be passed to the subscribers.

As on 13 th  July, 2019, a total of 17,042,689 subscribers have enrolled under the Scheme with a total corpus of Rs 7222 crore.

- (b)  The  state-wise  details  of  subscribers  enrolled  under  the  APY  scheme  as  on  13 th   July,  2019  are  at Annexure A . A total of 785,574 subscribers have been enrolled under APY scheme in the state of Gujarat.
- (c) and (d) The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age under Atal Pension Yojana (APY). The same is under examination in consultation with PFRDA.

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## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

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## LOK SABHA UN STARRED QUESTION NO. 4744 TO BE ANSWERED ON JULY 22, 2019/ /ASHADHA 31, 1941 (SAKA) ATAL PENSION YOJANA

4744. Shri Parbhubhai Nagarbhai Vasava

Will the Minister of FINANCE be pleased to state

- (a) the salient features and the details of fund and age prescribed under the Atal Pension Yojana;
- (b) the details of subscribers under the said scheme so far, State-wise including Gujarat;
- (c) whether the Government proposes to make some changes in this scheme, if so, the details thereof and if not, the reasons therefor; and
- (d) the time by which it is likely to be implemented?

## ANSWER

| 1   | Andaman &Nicobar Islands   | 5,083      |
|-----|----------------------------|------------|
| 2   | Andhra Pradesh             | 1,064,178  |
| 3   | Arunachal Pradesh          | 11,797     |
| 4   | Assam                      | 317,351    |
| 5   | Bihar                      | 1,683,514  |
| 6   | Chandigarh                 | 23,820     |
| 7   | Chhattisgarh               | 272,332    |
| 8   | Dadra and Nagar Haveli     | 19,390     |
| 9   | Daman &Diu                 | 50,949     |
| 10  | Delhi                      | 291,399    |
| 11  | Goa                        | 64,821     |
| 12  | Gujarat                    | 785,574    |
| 13  | Haryana                    | 358,156    |
| 14  | Himachal Pradesh           | 112,522    |
| 15  | Jammu &Kashmir             | 61,606     |
| 16  | Jharkhand                  | 392,769    |
| 17  | Karnataka                  | 1,193,275  |
| 18  | Kerala                     | 383,847    |
| 19  | Lakhswadeep                | 4,826      |
| 20  | Madhya Pradesh             | 839,952    |
| 21  | Maharashtra                | 1,305,274  |
| 22  | Manipur                    | 23,938     |
| 23  | Meghalaya                  | 39,304     |
| 24  | Mizoram                    | 22,256     |
| 25  | Nagaland                   | 66,613     |
| 26  | Orissa                     | 531,322    |
| 27  | Pondicherry                | 38,411     |
| 28  | Punjab                     | 520,400    |
| 29  | Rajasthan                  | 748,482    |
| 30  | Sikkim                     | 68,060     |
| 31  | Tamil Nadu                 | 1,347,746  |
| 32  | Telangana                  | 481,951    |
| 33  | Tripura                    | 56,363     |
| 34  | Uttar Pradesh              | 2,531,646  |
| 35  | Uttaranchal                | 143,279    |
| 36  | West Bengal                | 1,178,836  |
|     | Total                      | 17,041,042 |