Bihar exceeded the FY2023-24 APY enrolment target by 177 per cent, Assam by 159 per cent, and Jharkhand by 158 per cent, according to PFRDA.

Enrolments in the Atal Pension Yojana (APY) scheme rose around 24 per cent to 643.52 lakhs in FY2023-24, with higher participation from women and younger people.

Atal Pension Yojana (APY) is a pension scheme provided by the government to financially help those working in the unorganised sector.

Atal Pension Yojana allows premature exit during exceptional circumstances; the government contributes 50 per cent of a member’s annual contribution, or Rs 1,000, whichever is less.

Atal Pension Yojana (APY) is a social security scheme for workers from the unorganised sector, offering a defined monthly pension, which is fixed at the time of opening the account.

The Pension Fund Regulatory and Development Authority (PFRDA) has consolidated its three previous circulars related to online registration of Atal Pension Yojana. Learn more.

The reach of these three government social security schemes expanded significantly over the past year as more people joined these programmes.

Pension plans allow subscribers to make small monthly contributions towards a retirement fund and earn monthly pensions post-retirement.

Atal Pension Yojana (APY) has enrolled 79 lakh members in FY 2023-24, bringing the total subscribers to over 6 crore. Learn more about the APY scheme.

Penny drop is an account verification method that involves depositing a small amount in a subscriber’s bank account for authentication before crediting funds to the beneficiary.