The Atal Pension Yojana (APY) is a Government of India Scheme launched on 9th May 2015, with the objective of creating a universal social security system for all Indians, especially the poor, the underprivileged and the workers in the unorganised sector. This was stated by the Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha.
The Minister further stated that the Scheme became operational w.e.f. 1st June 2015, and is being administered by the Pension Fund Regulatory and Development Authority (PFRDA). It is open to all citizens of India between 18-40 years of age having a savings bank account in a bank or post office. There is no provision of transfer of funds to States under the Scheme, the Minister added.
Giving more information, the Minister stated that as per Pension Fund Regulatory and Development Authority (PFRDA), the number of State-wise enrolments under Atal Pension Yojana during the period from 2019-20 to 2021-22 (up to 31st October 2021) is given at Annexure A; a number of State-wise enrolments of women under APY during the period from 2019-20 to 2021-22 (up to 31st October 2021) is given at Annexure B and the number of State-wise enrolments from the transgender community under APY during the period from 2019-20 to 2021-22 (up to 31st October 2021) is given at Annexure C.
As informed by PFRDA, the details of whether the subscriber is from the SC/ST community are not captured during the enrolment process under Atal Pension Yojana.
Disclaimer : This is an official press release by PIB.
