Atal Pension Yojana gross enrolments cross 7 crore
On 8 October 2024, in India, the Finance Ministry said gross enrolments under the Atal Pension Yojana have crossed 7 crore, with over 56 lakh in FY 2024-25.
Summary
On 8 October 2024, in India, the Finance Ministry said total gross enrolments under the Atal Pension Yojana (APY) have crossed 7 crore, with over 56 lakh enrolments in the current financial year 2024-25. The scheme, in its 10th year, was launched on 9 May 2015 to create a universal social security system, especially for the poor and unorganised-sector workers. It provides a guaranteed lifelong pension to the subscriber, the same pension to the spouse, and returns the corpus to the nominee. It is administered by the PFRDA.
Key facts
- Announced
- 8 Oct 2024
- Gross enrolments
- Over 7 crore
- FY 2024-25
- Over 56 lakh
- Launched
- 9 May 2015
- Regulator
- PFRDA
Practice MCQs 2 questions
Gross enrolments under the Atal Pension Yojana crossed which mark, as announced on 8 October 2024?
Show answer
Correct answer: B — 7 crore
PIB (8 Oct 2024): total gross enrolments under APY have crossed 7 crore, with over 56 lakh in FY 2024-25.
On which date was the Atal Pension Yojana launched?
Show answer
Correct answer: D — 9 May 2015
PIB (8 Oct 2024): APY was launched on 9th May 2015.