AVNews24Desk
New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) organised the Atal Pension Yojana (APY) Annual Felicitation Programme at The Imperial Hotel, New Delhi, recognising outstanding contributors in FY 2024-25. A total of 44 APY Service Providers (SPs), 10 State Level Bankers’ Committees (SLBCs), and the country’s top five branches and Lead District Managers (LDMs) were honoured for achieving their annual targets.
Shri S. Ramann, Chairperson, PFRDA, congratulated the winners and encouraged all stakeholders to continue working towards a pensioned society. Highlighting APY’s growth, he noted that in its 10th year, the scheme reached 50 lakh subscribers in a single financial year, with 46% from youth aged 18–25 years. With ₹48,000+ crore in AUM and a 9.12% CAGR since inception, APY is a robust and sustainable pension product. Shri Ramann urged banks, especially private sector banks, to enhance efforts, improve persistency, and promote financial literacy to achieve pension coverage saturation.
Implemented across all States and Union Territories, APY’s total gross enrolments have crossed 8.11 crore as of 21 August 2025, including over 1.17 crore new subscribers in FY 2024-25. Women accounted for 55% of enrolments, reflecting the scheme’s growing popularity among women and youth.
Public sector banks led by Bank of India (126%), State Bank of India (123%), and Indian Bank (118%) performed exceptionally, while IDBI Bank achieved 145% in the private sector category. Regional Rural Banks, cooperative banks, SLBCs, and top district and branch-level performers were also recognised for their significant contributions.
These achievements highlight the tireless efforts of banks and institutions in expanding APY’s reach. With the scheme emerging as a trusted retirement solution, PFRDA reaffirmed its commitment to working with banks and post offices to cover every eligible citizen and secure a dignified future for all.
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