Atal Pension Yojana subscribers base crosses 1 crore mark on completion of 3 years of launch of the Scheme

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tal Pension Yojana subscribers base crosses 1 crore mark on completion of 3 years of launch of the Scheme <br>News and Press Release<br>Dated:- 16-5-2018<br><BR>Atal Pension Yojana (APY) Scheme's subscriber base crossed 1 Crore on completion of 3 years of the Scheme launch. APY was launched by the Prime Minister of India, Shri Narendra Modi at a function in Kolkataon 9thMay,2015 and the current nu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mber of subscribers stands at 1.10 Crore. Atal Pension Yojana (APY), a guaranteed Pension Scheme for citizens of India announced by the Government of India, is focused on the unorganised sector workers which constitute more than 85% of workforce. Under the APY, the guaranteed minimum pension of &#8377; 1,000/- or 2,000/- or 3,000/- or 4,000/ or 5,000/- per month will be given at the age of 60 ye....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ars depending on the contributions by the subscribers. The Spouse of the Subscriber is also eligible for pension and the nominee would be receiving the accumulated pension wealth. To commemorate the 3 years of completion of the Scheme and its launch, Pension Fund Regulatory Development Authority (PFRDA) in coordination with the Department of Financial Services, Ministry of Finance, Government of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... India organised a massive outreach campaign "APY Formation Day" across the country to enhance the enrolments in APY by the banks and Department of Posts. The subscriber base in APY has grown manifold to reach the current position and APY is offered by all the banks and post offices. Across the country, 1.60 lacs branches which include 20 thousand post offices offer the services of opening APY a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ccount for their customers. Out of this branch network, nearly 90% of the branches have mobilised one or more APY account in the last 3 years. Till date &#8377; 3950 crores of contribution has been collected under theAtal Pension Yojana (APY) Scheme. The Scheme has generated around.9.10 % CAGR since its inception till March 2018. PFRDA appreciates the efforts taken-out by the APY Service Provide....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rs (Banks/DoP) for their contribution towards making India a Pensioned Society. Top States in APY Mobilization Sr. No State Name No of APY Subscribers 1 Uttar Pradesh 1,401,631 2 Bihar 1,061,660 3 Tamil Nadu 814,917 4 Maharashtra 758,695 5 Karnataka 686,504 6 Andhra Pradesh 653,404 7 West Bengal 551,471 8 Madhya Pradesh 498,111 9 Rajasthan 497,962 10 Gujarat 486,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....465<BR> News - Press release - PIB....