Lok Sabha Question No. 2081 (UNSTARRED), answered on 2024-08-05
Subject: Aims and Objectives of Atal Pension Yojana
Ministry: FINANCE
Asked by: Dr. C M Ramesh

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

## LOK SABHA UNSTARRED QUESTION NO. 2081

TO BE ANSWERED ON 5 th  AUGUST, 2024 (MONDAY)/ 14 SHRAVANA, 1946 (SAKA)

## AIMS AND OBJECTIVES OF ATAL PENSION YOJANA

## 2081. Shri C M Ramesh

Will the Minister of Finance be pleased to state:

- (a) the aims and objectives of Atal Pension Yojana;
- (b) the details of eligibility criteria for Atal Pension Yojana (APY);
- (c) the details of enrolments under APY since its inception in 2015, year and State-wise;
- (d) whether there is any proposal for increasing the pension under APY and if so, the details thereof; and
- (e) the details of return under APY over the years?

## ANSWER

## MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHAUDHARY)

(a) & (b) Atal Pension Yojana (APY) has 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. 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. For better targeting of guaranteed pension to unorganised sector workers, an income tax payer shall not be eligible to join APY from 01.10.2022.

- (c) The details of enrolments under APY since inception, year and State-wise is placed at Annexure A.

(d) APY scheme offers flexible minimum guaranteed pension of Rs. 1000, Rs. 2000, Rs. 3000, Rs.4000 or Rs. 5000 per month based on age of joining and pension amount chosen. Accordingly, per month subscription amount presently varies from Rs. 42 to Rs. 1454 on the basis of chosen option.  APY scheme offers  a  minimum  guaranteed  pension  and  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.

- (e) The weighted average return under APY as on 28.06.2024, since inception, is 9.22%.

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## Lok Sabha Unstarred Question No. 2081 regarding 'Aims and Objectives of Atal Pension Yojana' to be answered on 05.08.2024

State-wise and Year-wise cumulative gross enrolments under APY

|   S. No | Name of State/UT                   | As on 31.03.2016   | As on 31.03.2017   | As on 31.03.2018   | As on 31.03.2019   | As on 31.03.2020   | As on 31.03.2021   | As on 31.03.2022   | As on 31.03.2023   | As on 31.03.2024   |
|---------|------------------------------------|--------------------|--------------------|--------------------|--------------------|--------------------|--------------------|--------------------|--------------------|--------------------|
|       1 | Andaman & Nicobar                  | 996                | 1,902              | 3,594              | 4,896              | 6,089              | 7,312              | 12,770             | 17,948             | 22,656             |
|       2 | Andhra Pradesh                     | 1,82,094           | 3,54,421           | 6,33,089           | 9,92,202           | 13,64,153          | 18,79,471          | 22,99,498          | 28,20,938          | 33,84,368          |
|       3 | Arunachal Pradesh                  | 1,988              | 4,267              | 7,577              | 10,866             | 15,313             | 25,264             | 47,349             | 72,865             | 92,840             |
|       4 | Assam                              | 38,831             | 68,793             | 2,08,508           | 2,85,179           | 4,16,585           | 6,53,721           | 8,86,076           | 11,98,121          | 15,39,044          |
|       5 | Bihar                              | 2,62,416           | 5,31,158           | 10,35,501          | 15,31,911          | 20,81,488          | 28,22,476          | 39,97,372          | 50,63,225          | 62,26,052          |
|       6 | Chandigarh                         | 4,847              | 8,690              | 15,268             | 21,777             | 30,196             | 43,048             | 59,585             | 93,044             | 1,14,694           |
|       7 | Chhattisgarh                       | 33,008             | 74,358             | 1,56,366           | 2,45,602           | 3,55,448           | 5,31,692           | 7,62,034           | 10,43,809          | 13,16,508          |
|       8 | Dadra& Nagar Haveli and Daman &Diu | 5,020              | 11,597             | 30,473             | 61,616             | 76,402             | 53,650             | 80,916             | 1,13,864           | 1,37,976           |
|       9 | NCT of Delhi                       | 54,286             | 93,161             | 1,73,884           | 2,65,634           | 3,88,537           | 4,88,379           | 6,93,393           | 9,05,956           | 10,75,824          |
|      10 | Goa                                | 7,042              | 13,188             | 25,629             | 62,615             | 75,383             | 95,286             | 1,26,865           | 1,60,799           | 1,85,914           |
|      11 | Gujarat                            | 1,36,891           | 2,54,603           | 4,70,556           | 7,11,785           | 9,81,686           | 12,42,093          | 16,07,503          | 19,64,476          | 23,56,932          |
|      12 | Haryana                            | 59,143             | 1,07,990           | 2,10,849           | 3,24,435           | 4,71,620           | 6,18,505           | 7,97,787           | 10,78,626          | 13,40,929          |
|      13 | Himachal Pradesh                   | 25,807             | 38,558             | 69,284             | 1,01,474           | 1,53,639           | 2,08,917           | 2,92,622           | 86,054             | 4,69,033           |
|      14 | Jammu & Kashmir                    | 17,778             | 28,432             | 41,383             | 56,439             | 71,732             | 88,452             | 1,14,664           | 1,54,699           | 1,93,584           |
|      15 | Jharkhand                          | 43,985             | 96,451             | 2,19,579           | 3,50,165           | 5,42,790           | 8,15,229           | 11,35,106          | 15,34,599          | 19,41,856          |
|      16 | Karnataka                          | 1,85,016           | 3,37,339           | 6,62,845           | 10,99,381          | 14,82,149          | 18,76,534          | 22,94,858          | 27,63,104          | 32,89,016          |
|      17 | Kerala                             | 51,335             | 1,06,335           | 2,10,848           | 3,45,377           | 4,92,321           | 6,09,790           | 7,52,097           | 9,07,751           | 10,97,107          |
|      18 | Ladakh                             | -                  | -                  | -                  | -                  | 2,290              | 2,665              | 3,209              | 4,454              | 5,223              |
|      19 | Lakshadweep                        | 355                | 2,241              | 3,666              | 4,652              | 5,178              | 4,558              | 5,606              | 6,943              | 7,454              |
|      20 | Madhya Pradesh                     | 1,28,219           | 2,42,989           | 4,83,883           | 7,46,827           | 11,79,893          | 17,52,349          | 22,94,421          | 30,01,318          | 38,07,122          |
|      21 | Maharashtra                        | 2,24,562           | 4,04,471           | 7,35,444           | 11,90,986          | 17,22,536          | 23,17,313          | 30,97,671          | 40,73,950          | 51,26,342          |
|      22 | Manipur                            | 4,533              | 7,185              | 11,273             | 21,862             | 47,694             | 41,328             | 64,089             | 97,589             | 1,18,134           |
|      23 | Meghalaya                          | 5,534              | 8,258              | 11,185             | 35,439             | 55,097             | 35,247             | 65,352             | 97,735             | 1,18,647           |
|      24 | Mizoram                            | 1,073              | 9,029              | 14,571             | 20,457             | 29,127             | 18,481             | 28,665             | 39,651             | 48,083             |
|      25 | Nagaland                           | 9,048              | 18,260             | 32,770             | 60,578             | 81,257             | 42,003             | 75,647             | 1,11,874           | 1,40,387           |
|      26 | Odisha                             | 1,08,126           | 1,85,484           | 3,37,979           | 4,93,842           | 7,61,795           | 11,35,243          | 15,04,968          | 18,99,877          | 23,52,825          |
|      27 | Puducherry                         | 4,480              | 7,652              | 18,270             | 34,450             | 45,798             | 52,930             | 63,446             | 75,098             | 86,888             |
|      28 | Punjab                             | 75,505             | 1,58,218           | 3,25,043           | 4,76,401           | 6,76,084           | 8,83,367           | 11,18,351          | 14,68,720          | 18,05,373          |
|      29 | Rajasthan                          | 1,14,929           | 2,84,070           | 4,88,518           | 6,95,201           | 10,28,059          | 14,68,762          | 21,05,600          | 28,08,352          | 34,87,527          |
|      30 | Sikkim                             | 3,918              | 6,889              | 21,756             | 60,677             | 1,05,221           | 58,517             | 1,21,006           | 1,92,819           | 2,48,085           |
|      31 | Tamil Nadu                         | 1,67,585           | 3,42,810           | 7,90,482           | 12,24,868          | 17,36,428          | 22,57,374          | 29,29,240          | 36,54,283          | 43,70,049          |
|      32 | Telangana                          | 59,681             | 1,33,925           | 2,53,263           | 4,36,472           | 6,58,329           | 7,45,965           | 10,00,678          | 13,25,709          | 16,76,324          |
|      33 | Tripura                            | 4,620              | 12,164             | 24,939             | 47,801             | 74,720             | 1,02,019           | 1,39,317           | 1,88,110           | 2,39,629           |
|      34 | Uttar Pradesh                      | 2,66,827           | 6,34,576           | 13,62,314          | 22,51,904          | 32,42,742          | 45,40,489          | 60,72,347          | 82,08,639          | 1,03,32,563        |
|      35 | Uttarakhand                        | 17,288             | 40,515             | 83,839             | 1,29,661           | 2,25,837           | 3,01,922           | 4,03,359           | 5,42,097           | 6,72,437           |
|      36 | West Bengal                        | 1,54,074           | 2,53,618           | 5,30,132           | 10,13,487          | 16,15,923          | 23,92,636          | 30,70,457          | 39,77,650          | 49,20,094          |

Source: PFRDA