- Atal Pension Yojana (APY) saw record enrolments with over 1.17 crore new subscribers in FY 2024-25.
- Top banks, SLBCs, branches, and district managers were honoured for their excellent APY performance across India.
- APY is becoming popular among youth and women, with 46% enrolments from ages 18-25 and 55% female subscribers.
Atal Pension Yojana is making great progress in securing the retirement future of millions across India. Recently, the Pension Fund Regulatory and Development Authority (PFRDA) held the Annual Felicitation Programme to highlight the scheme’s achievements, growth, and the key contributors behind its success. With record enrolments and growing reach, APY is becoming a trusted pension option, especially among young people and women. This article covers the highlights, key contributors, and future plans of the Atal Pension Yojana.
Achievements Celebrated at Atal Pension Yojana Annual Felicitation Programme
The APY Annual Felicitation Programme held in New Delhi recognised the excellent performance of banks, State Level Bankers’ Committees (SLBCs), branches, and Lead District Managers (LDMs) for the financial year 2024-25. A total of 44 APY Service Providers, 10 SLBCs, and the top five branches and district managers across the country were awarded for beating their annual targets.
In its 10th year, APY reached the fastest-ever milestone of 50 lakh subscribers in a single fiscal year. The total gross enrolments crossed 8.11 crore as of 21st August 2025, with more than 1.17 crore new subscribers joining in FY 2024-25 alone. The scheme’s Assets Under Management (AUM) reached over
948,000 crore, maintaining a Compound Annual Growth Rate (CAGR) of 9.12% since it started.
Key Contributors and Their Impact on APY Growth
The banking community played a vital role in APY’s success during FY 2024-25. Public Sector Banks like Bank of India (126% achievement), State Bank of India (123%), and Indian Bank (118%) led the way. Punjab & Sind Bank and Union Bank of India also did well, achieving over 100% of their targets.
Among private banks, IDBI Bank stood out with an impressive 145% achievement. Regional Rural Banks (RRBs) set new records with Jharkhand Rajya Gramin Bank achieving 393% and Tripura Gramin Bank 351%. Other notable RRBs included Punjab Gramin Bank (157%), Andhra Pradesh Grameena Bank (152%), and Assam Gramin Vikash Bank (149%). AU Small Finance Bank also contributed significantly with 109% achievement.
Cooperative Banks made their mark as well, led by Shri Mahila Sewa Sahakari Bank with a remarkable 400% achievement, followed by Andhra Pradesh State Co-op Bank (207%) and others.
APY’s Growing Popularity Among Youth and Women
APY is quickly gaining interest among younger Indians and women. Nearly 46% of new enrolments in FY 2024-25 were from youth aged 18 to 25 years, showing the scheme’s appeal to the younger generation. Also, women made up 55% of the total enrolments, reflecting growing financial inclusion and awareness among female subscribers.
PFRDA’s Vision for a Pensioned Society
Shri S. Ramann, Chairperson of PFRDA, stressed the importance of building a pensioned society through financial literacy and active bank participation. He congratulated the awardees and encouraged all stakeholders to keep up their dedicated efforts. The vision includes expanding pension coverage to every eligible citizen, making sure everyone has a dignified and secure retirement.
How Banks and Financial Institutions Can Improve APY Reach
To keep up and speed up APY’s growth, banks and financial institutions, especially private sector banks, are encouraged to improve persistency and enrolment rates. Strategies include raising customer awareness, simplifying enrolment processes, and promoting financial literacy. These efforts will help reach pension saturation and secure the financial future of millions.
Highlights Table: Top Performers in APY FY 2024-25
| Category | Top Performers | Achievement (%) |
|---|---|---|
| Public Sector Banks | Bank of India, State Bank of India, Indian Bank | 126%, 123%, 118% |
| Private Banks | IDBI Bank | 145% |
| Regional Rural Banks | Jharkhand Rajya Gramin Bank, Tripura Gramin Bank | 393%, 351% |
| Cooperative Banks | Shri Mahila Sewa Sahakari Bank, Andhra Pradesh State Co-op Bank | 400%, 207% |
| Top SLBCs | Jharkhand, Bihar, Tripura | 184%, 175%, 158% |
| Top LDMs | Seoni (MP), Pakur (Jharkhand), Gaya (Bihar) | 530%, 509%, 289% |
| Top Branches | Mankapur (Indian Bank), Sakra (Bank of India) | 5,123, 5,050 enrolments |
With such great achievements, Atal Pension Yojana is steadily changing the pension scene in India. If you are eligible, think about enrolling in APY to secure your retirement with a well-known and government-backed pension scheme.
For more details and enrolment, visit the official PFRDA website: www.pfrda.org.in