- The Atal Pension Yojana (APY) is the guaranteed Pension Scheme of Government of India administered by PFRDA.
- The Subscriber base under APY has crossed 1.24 crore mark.
- The Govt of India guarantees the pension benefits. The Scheme is very easy to understand and it is very transparent. More than 27 lacs new subscribers have joined the Scheme during the current financial year, i.e. 2018-19.
- States like Uttar Pradesh, Bihar, Andhra Pradesh, Maharashtra and Karnataka are the top contributors in APY enrollment.
- The Scheme, launched on May 9, 2018 by the Prime Minister, allows any Indian Citizen between the age group of 18-40 years to join through the bank or post office branches where one has the savings bank account.
