Lok Sabha Question No. 30 (UNSTARRED), answered on 2025-02-03
Subject: Atal Pension Yojana (APY)
Ministry: FINANCE
Asked by: Shri Prabhakar Reddy Vemireddy, Shri Anurag Sharma

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

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## LOK SABHA UNSTARRED QUESTION NO. 30

TO BE ANSWERED ON MONDAY, 3 FEBRUARY, 2025/ MAGHA 14, 1946 (SAKA)

## ATAL PENSION YOJANA (APY)

## 30. Shri Prabhakar Reddy Vemireddy

## Shri Anurag Sharma

Will the Minister of Finance be pleased to state:

- (a) whether any assessment has been made to find out the people eligible to enroll under Atal Pension Yojana (APY);
- (b) the current status of the Atal Pension Yojana including the number of enrolled beneficiaries since its inception along with the total amount of pension accumulated, State-wise including Nellore district of Andhra Pradesh;
- (c) the measures taken by the Government to increase awareness and enrollment under the APY particularly among unorganized sector workers along with the efforts being made to cover more people under APY;
- (d) whether the Government has eliminated the income tax payers from this scheme with the objective  of  targeting  beneficiaries  and  the  other  plans  of  the  Government  to  expand  the coverage and benefits of the APY along with the challenges faced in disbursing the benefits under APY;
- (e) whether the Government proposes to increase the minimum guaranteed pension amount and if so, the details thereof; and
- (f) the  steps  taken  by  the  Government  to  ensure  seamless  operation  of  the  APY,  including integrating the scheme with other social security initiatives?

## ANSWER

## MINISTER OF STATE FOR FINANCE

## (SHRI PANKAJ CHAUDHARY)

(a) to (f) Atal Pension Yojana (APY) was launched on 09.05.2015, with the objective of creating a universal  social  security  system  for  all  Indians,  especially  the  poor,  the  under-privileged  and  the workers in the unorganised sector. Scheme was appraised and it was decided that for better targeting of the scheme, from 01.10.2022 an income tax payer is not eligible to join APY. APY scheme offers flexible minimum guaranteed pension of Rs. 1000, Rs. 2000, Rs. 3000, Rs.4000 or Rs. 5000 per month. Accordingly, per month subscription amount presently varies from Rs. 42 to Rs. 1454 based on age of joining and pension amount chosen.  Any increase in pension amount is likely to increase the subscription amount substantially and put further burden on the subscriber. Presently, it has been decided to continue the scheme with same terms and conditions and not to further increase the pension and consequential subscription amount.

Atal Pension Yojana along with Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) create a social security system, targeted specially for the poor and the under-privileged.

As on 31.12.2024, the gross enrolment under APY, at national level, is 7,25,77,540 beneficiaries and in SPSR Nellore district of Andhra Pradesh, it is 1,77,490. The State-wise figures of gross enrolment under APY are at Annexure - A. The total accumulated corpus under APY, as on 31.12.2024, is Rs.43,369.98 crore.

The Government and the PFRDA have inter-alia taken following steps to increase awareness and coverage of APY:

- (i) Periodic advertisements are published in print, electronic, and social media for awareness creation.
- (ii) APY Subscribers Information Brochure in 13 vernacular languages
- (iii)Virtual  capacity  building  programs  for  Banking  Correspondents  (BCs)  and  field  staff  of Banks, Self Help Group (SHG) members, bank-sakhis of State Rural Livelihoods Missions (SRLMs) are being organised to propagate APY among the eligible beneficiaries.
- (iv) Various Ministries of Government of India, National Centre for Financial Education (NCFE), National  Bank  for  Agriculture  and  Rural  Development  (NABARD),  National  Rural Livelihood Mission (NRLM) and SRLM are engaged to spread awareness and coverage of APY.
- (v) Activating online channels such as e-APY, net-banking, mobile app and bank's web-portal, for easy online onboarding.

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## Annexure A

## Lok Sabha Unstarred Question No. 30 regarding 'Atal Pension Yojana (APY)' to be answered on 03.02.2025

State-wise gross enrolments under APY since inception

|   Sr. No | Name of State/UT                         | Gross Enrolments under APY (as on 31.12.2024)   |
|----------|------------------------------------------|-------------------------------------------------|
|        1 | Andaman &Nicobar Islands                 | 24,342                                          |
|        2 | Andhra Pradesh                           | 37,87,818                                       |
|        3 | Arunachal Pradesh                        | 97,073                                          |
|        4 | Assam                                    | 17,24,187                                       |
|        5 | Bihar                                    | 69,62,850                                       |
|        6 | Chandigarh                               | 1,22,403                                        |
|        7 | Chhattisgarh                             | 15,06,803                                       |
|        8 | Dadra and Nagar Haveli and Daman and Diu | 1,49,584                                        |
|        9 | Delhi                                    | 11,53,225                                       |
|       10 | Goa                                      | 1,95,738                                        |
|       11 | Gujarat                                  | 26,30,510                                       |
|       12 | Haryana                                  | 15,13,197                                       |
|       13 | Himachal Pradesh                         | 5,26,074                                        |
|       14 | Jammu &Kashmir                           | 2,15,433                                        |
|       15 | Jharkhand                                | 22,42,292                                       |
|       16 | Karnataka                                | 37,77,067                                       |
|       17 | Kerala                                   | 12,98,686                                       |
|       18 | Ladakh                                   | 5,635                                           |
|       19 | Lakshadweep                              | 7,877                                           |
|       20 | Madhya Pradesh                           | 43,21,322                                       |
|       21 | Maharashtra                              | 57,77,185                                       |
|       22 | Manipur                                  | 1,26,832                                        |
|       23 | Meghalaya                                | 1,27,659                                        |
|       24 | Mizoram                                  | 50,402                                          |
|       25 | Nagaland                                 | 1,47,422                                        |
|       26 | Odisha                                   | 26,78,743                                       |
|       27 | Puducherry                               | 96,080                                          |
|       28 | Punjab                                   | 20,29,008                                       |
|       29 | Rajasthan                                | 39,36,814                                       |
|       30 | Sikkim                                   | 2,69,717                                        |
|       31 | Tamil Nadu                               | 48,61,711                                       |
|       32 | Telangana                                | 19,02,118                                       |
|       33 | Tripura                                  | 2,79,254                                        |
|       34 | Uttar Pradesh                            | 1,16,95,458                                     |
|       35 | Uttarakhand                              | 7,53,748                                        |
|       36 | West Bengal                              | 55,77,083                                       |
|       37 | Others                                   | 6,190                                           |

Source: PFRDA