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        News and Press Release

        More than 58 lakhs subscribers to Atal Pension Yojana (APY)

        July 28, 2017

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        The number of subscribers of the Atal Pension Yojana (APY) during each of the last three years is as follows: 

        Particulars

        As on 31.03.2016

        As on 31.03.2017

        As on 22.07.2017

        Cumulative Subscribers

        24,84,895

        48,83,829

        58,08,071

         The funds allocated under APY during each of the last three years is as follows:

         (Rs. in crore)

        Particulars

        2015-16

        2016-17

        2017-18

        Budget Estimates

        173

        120

        155

         The requirement of fund for APY is assessed as per the progress made under the Scheme and necessary provisioning of fund is done at appropriate stage.

         Vide Gazette Notification dated 11th May, 2017, an individual eligible for receiving the benefits under APY has been required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication. Provided that till the time Aadhaar is assigned to the individual, benefits under the Scheme shall be given to such individuals, subject to the production of the following identification documents :-

        i.    if she or he has enrolled, her or his Aadhaar Enrolment ID slip; or a copy of her or his request made for Aadhaar enrolment,

        ii.   Other identification documents such as Bank or Post office Passbook with Photo; PAN Card; Passport; Ration Card; Voter Identity Card; MGNREGS card; Kisan Photo passbook; Driving license etc.

        This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha today.

        Aadhaar authentication requirement for pension benefits; alternate identity documents accepted until Aadhaar is issued. A Gazette notification conditions access to Atal Pension Yojana benefits on Aadhaar authentication or proof of Aadhaar possession; until Aadhaar is assigned beneficiaries may present an Aadhaar enrolment ID or enrolment request or specified alternate photo identity documents such as bank/post office passbook, PAN, passport, ration card, voter ID, MGNREGS card, kisan photo passbook, or driving licence. The document also notes subscriber growth and that fund requirements are assessed and budgeted according to scheme progress.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Aadhaar authentication requirement for pension benefits; alternate identity documents accepted until Aadhaar is issued.

                                A Gazette notification conditions access to Atal Pension Yojana benefits on Aadhaar authentication or proof of Aadhaar possession; until Aadhaar is assigned beneficiaries may present an Aadhaar enrolment ID or enrolment request or specified alternate photo identity documents such as bank/post office passbook, PAN, passport, ration card, voter ID, MGNREGS card, kisan photo passbook, or driving licence. The document also notes subscriber growth and that fund requirements are assessed and budgeted according to scheme progress.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
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