The total gross enrollments under the Atal Pension Yojana (APY) have crossed 7 crore, with an enrolment of over 56 lakh in the current fiscal (FY25) to date, according to the Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday.
APY is a guaranteed pension scheme by the government and regulated by PFRDA.
“The scheme is in its 10th year of rollout, and has achieved a big milestone,” said the authority.
Focused on unorganised sector workers, the pension scheme provides a guaranteed minimum pension of Rs 1,000 to Rs 5,000 per month based on contributions. The APY ensures a dignified life in old age for unorganised workers, addressing their financial insecurities and garnering their support.
A flagship social security scheme of the government, the scheme was launched on May 9, 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.
“This feat of 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,” said PFRDA.
In the recent past, the regulatory authority has taken several initiatives for awareness creation of the scheme -- conducting APY outreach programmes at state and district levels, organising awareness and training programmes, publicity through various media channels and regular performance review.
APY 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.
Sushanta demanded Centre to start direct flight service along Agartala-Mumbai route
The state transport minister Sushanta Chowdhury on Monday met the Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu in Delhi and discussed a series of issues related to the development of air services from Agartala MBB Airport.
CM Dr Manik Saha discuses development railway services and infrastructure in Tripura
Chief Minister Dr Manik Saha on Monday met the General Manager (Construction) of North East Frontier Railway here in his chamber at the secretariat and discussed a series of issues related to the further development of railway infrastructure in the state and ease passenger movement.
State to get Rs 150 Crore for Tourism, Sushanta Meets Union Minister Shekhawat
The Central Government has sanctioned an additional ₹150 crore for the enhancement of Tripura's tourism sector, Tripura Tourism Minister Sushanta Chowdhury announced on Monday.
CM to inaugurate 34 projects of Rs 250 Crore tomorrow
Chief Minister Prof. Dr. Manik Saha will inaugurate and lay the foundation stones of various projects worth Rs 250 crore, comprising 34 projects, in Unakoti district tomorrow.
JP Nadda, BL Santosh arriving in state on March 9: CM Manik Saha
Chief Minister Prof. Dr. Manik Saha today announced that BJP All India National President JP Nadda and National General Secretary (Org) B.L. Santosh will be arriving on March 9 to attend the two-year celebration of the present state government at Swami Vivekananda Maidan.
Two Bihar women held with cannabis at Agartala Railway Station
Acting on a tip-off, the Government Railway Police recovered 21 kg 65 grams of dried cannabis from two women at Agartala railway station. The estimated market value of the seized contraband is said to be over three lakh rupees.
UK PM announces new 1.6-billion-pound deal for Ukraine to buy missiles
British Prime Minister Keir Starmer announced that Britain will allow Ukraine to use 1.6 billion pounds ($2 billion) of British export finance to purchase more than 5,000 air defence missiles.
'PM Modi working for welfare of all communities without discrimination', says Hazrat Nizamuddin Dargah Committee chief
Hazrat Nizamuddin Aulia Dargah Committee Chairman Syed Afsar Ali Nizami on Sunday praised Prime Minister Narendra Modi for attending the Sufi music festival 'Jahan-e-Khusro' and said that he gave the message of brotherhood and works for the welfare of all communities and religion without any discrimination.