Total enrollments under the Atal Pension Yojana (APY) have surpassed 7 crore, with over 56 lakh new enrollments recorded in the current financial year 2024-25, according to a statement from the Ministry of Finance.
Launched on May 9, 2015, the Atal Pension Yojana is a flagship social security initiative by the central government aimed at providing pension coverage to vulnerable sections of society. The scheme guarantees a lifelong pension to the subscriber and extends this benefit to the spouse in the event of the subscriber’s death.
Furthermore, in the event of the deaths of both the subscriber and spouse, the accumulated corpus is returned to the nominee, ensuring continued financial security for the family, the ministry added.
