The total gross enrolments under the Atal Pension Yojana (APY) have crossed 7 crore, with an enrolment of over 56 lakh in the current Financial Year 2024-25. The scheme is in its 10th year of rollout, and has achieved a big milestone by bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all the Banks and SLBCs/UTLBCs.

The Pension Fund and Regulatory Development Authority (PFRDA), in the recent past, has taken several initiatives for awareness creation of the scheme i.e., conducting APY Outreach Programmes at State and District levels, organising awareness and training programmes, publicity through various media channels, releasing a one-pager simple APY flyer/handout in Hindi, English, and 21 regional languages, and regular performance review.

APY has been designed in such a way that it provides Sampurna Suraksha Kavach to not only the subscriber by providing a life-long defined and guaranteed pension amount, but also to the spouse by providing the same pension amount after the demise of the subscriber and then to the family by returning the entire corpus (accumulated till the age of 60 years) to the nominee after the death of the subscriber and spouse.

The APY is a flagship social security scheme of the Government of India, was launched on 9th May 2015 with an aim to create a universal social security system for all Indians, especially the poor, the underprivileged and the workers in the unorganised sector.

Atal Pension Yojana coverage expands, enhancing guaranteed lifelong pension and survivor benefits for vulnerable workers. Atal Pension Yojana has crossed seven crore gross subscribers due to expanded coverage of vulnerable and unorganised workers supported by banks and local committees; the scheme provides a lifelong defined pension to the subscriber, continuation of the same pension to the spouse on the subscriber's death, and transfer of the accumulated corpus to the nominee after both deaths, reinforced by outreach, training, multilingual publicity materials, and regular performance review to increase uptake.