- PFRDA organised the Atal Pension Yojana (APY) Annual Felicitation Programme in New Delhi.
- 53 APY service providers, 10 SLBCs and top-performing bank branches were honoured.
- APY added a record 1.35 crore new subscribers during FY 2025-26.
- Total APY enrolments crossed 9.10 crore across India.
- Assets Under Management (AUM) under APY exceeded ₹54,000 crore.
- DFS Secretary M. Nagaraju stressed financial literacy and subscriber awareness.
The Pension Fund Regulatory and Development Authority (PFRDA) organised the Annual Felicitation Programme for the Atal Pension Yojana (APY) in New Delhi on Tuesday, recognising banks and institutions for their contribution to expanding the government-backed pension scheme across the country.
During the event, 53 APY service providers, 10 State Level Bankers’ Committees (SLBCs), and top-performing bank branches and Lead District Managers were honoured for achieving and surpassing their annual targets for the financial year 2025-26.
The APY scheme, launched to provide financial security to workers in the unorganised sector, has continued to witness strong growth. According to PFRDA, the scheme added a record 1.35 crore new subscribers during FY 2025-26. With this, the total gross enrolments under APY have crossed 9.10 crore as of May 18, 2026.
Speaking at the programme, Department of Financial Services Secretary M. Nagaraju said the Assets Under Management (AUM) under APY have now exceeded ₹54,000 crore. He praised the efforts of banks, PFRDA and other stakeholders in strengthening India’s social security system.
He stressed the need to improve subscriber awareness, maintain regular contributions by subscribers and increase the scheme’s reach among workers in the urban informal sector such as street vendors, domestic workers and daily wage earners.
PFRDA Chairperson S. Ramann highlighted that FY 2025-26 recorded the highest-ever annual enrolment under APY since the scheme’s launch. He noted a significant increase in participation among young subscribers aged 18 to 25 years, indicating growing awareness about retirement planning among youth.
PFRDA Whole Time Member (Economics) Mamta Shankar said women participation under APY reached a record 55.14% during the financial year, reflecting greater financial inclusion of women across the country.
Among public sector banks, State Bank of India achieved 116% of its target, while Union Bank of India and UCO Bank each achieved 105%. Regional Rural Banks also performed strongly, with Jharkhand Rajya Gramin Bank recording the highest achievement at 288%.
Several cooperative and small finance banks were also recognised for their outstanding contribution in expanding pension coverage.
PFRDA said it will continue to work closely with banks, SLBCs and the Department of Posts to improve pension awareness and ensure wider coverage under the scheme.
The Atal Pension Yojana guarantees a fixed monthly pension after the age of 60, mainly targeting workers in the unorganised sector who often lack formal retirement benefits.
