New Delhi, Dec 02: The Atal Pension Yojana (APY), India’s flagship social security scheme, has achieved a major milestone with enrolments crossing 8.34 crore. Notably, women account for 48 percent of the total subscribers, reflecting the growing participation of women in financial planning and pension security.
Finance Minister Nirmala Sitharaman welcomed the achievement, stating, “The Atal Pension Yojana has become a cornerstone of India’s inclusive financial system. The strong participation of women highlights the scheme’s success in empowering households and securing futures.”
Reserve Bank of India Governor Sanjay Malhotra emphasized that APY’s expansion demonstrates the importance of long-term savings. “This scheme is not just about pensions; it is about building confidence among citizens that their financial needs will be met in old age,” he said.
PFRDA Chairman Deepak Mohanty, whose organization regulates the scheme, noted that the growth reflects effective outreach and trust in the system. “Crossing 8.34 crore enrolments is a remarkable achievement. We are committed to ensuring transparency and efficiency in managing the scheme,” he remarked.
Officials confirmed that the scheme has seen strong enrolment in rural and semi-urban areas, with banks and post offices playing a key role in spreading awareness. The participation of women has been particularly encouraging, with nearly half of all subscribers being female.
Introduced in 2015 by Prime Minister Narendra Modi, the Atal Pension Yojana provides a guaranteed pension to workers in the unorganized sector. The government continues to promote the scheme as part of its broader vision of financial inclusion and social security for all.
