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        <h1>Atal Pension Yojana Hits 97.05 Lakh Subscribers in 2017-18, Boosted by Digital Initiatives and Provider Efforts.</h1> At the end of the 2017-18 financial year, the Atal Pension Yojana (APY) reached 97.05 lakh subscribers, marking a 98% increase from the previous year. The Pension Fund Regulatory and Development Authority (PFRDA) credited this growth to the efforts of APY service providers and introduced several digital initiatives to enhance accessibility, including online account statements and mobile applications. APY, operational since June 2015, offers a guaranteed monthly pension of Rs. 1000 to Rs. 5000 from age 60, with benefits extending to the subscriber's spouse and nominee. The scheme is available to Indian citizens aged 18-40 and now supports digital registration via the eNPS platform.

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        ActsIncome Tax
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