Atal Pension Yojana enrollments crossed 4.01 crore by end of March 2022

• Integrity Education, Delhi
• 22, Apr 2022

Total enrollments under Atal Pension Yojana, APS, Scheme have crossed 4.01 crore as on March this year, out of which more than 99 lakh accounts for this scheme were opened during last financial year. The scheme had seen this tremendous success due to the active participation of all categories of banks.

Around 71 per cent of the enrolments done by Public-Sector Banks, 19 per cent by Regional Rural Banks, six per cent by Private Sector Banks and three per cent by Payment and Small Finance Banks. State Bank of India, Indian Bank, Bank of India, Bank of Baroda and Central Bank of India achieved their annual targets for this scheme in the Public-Sector Bank category.

Out of the total enrolments under this scheme as on 31st March this year, nearly 80 per cent subscribers have opted for one thousand rupees pension plan and 13 per cent for five thousand rupees pension plan.

Out of the total APY subscribers, 44 per cent are female subscribers while 56 per cent are male subscribers. Further, out of the total APY subscribers, 45 per cent are aged between 18 and 25 years.

Sources : News on Air