**Executive Summary**
The Pension Fund Regulatory and Development Authority (PFRDA) held the Atal Pension Yojana (APY) Annual Felicitation Programme on May 20, 2026, to recognize stakeholders for outstanding performance during FY 2025-26. The scheme achieved record milestones, including 1.35 crore new subscribers and total enrolments exceeding 9.10 crore. The event emphasized the importance of subscriber persistency, youth engagement, and the goal of achieving national pension saturation.
**Key Points / Main Content**
**Program Recognition and Performance**
* Awards were presented to 53 APY Service Providers (SPs), 10 State Level Bankers' Committees (SLBCs), and the country’s top five branches and Lead District Managers.
* The banking fraternity demonstrated high commitment, with many institutions significantly exceeding their annual targets for FY 2025-26.
**Growth and Financial Milestones**
* Total gross enrolments under APY crossed 9.10 crore as of May 18, 2026.
* Assets Under Management (AUM) have exceeded ₹54,000 crore.
* A record 1.35 crore new subscribers were added during the 2025-26 fiscal year, the highest-ever annual enrolment.
**Demographic and Sectoral Trends**
* Women’s participation reached a record high of 55.14% during FY 2025-26.
* There was a significant rise in enrolments within the 18–25 age group, reflecting increased financial security awareness among youth.
* Officials highlighted the need for greater outreach in the urban informal sector and improved financial literacy.
**Top Performing Institutions**
* **Regional Rural Banks (RRBs):** Jharkhand Rajya Gramin Bank (288%) and Tripura Gramin Bank (185%) were top performers.
* **Public Sector Banks:** State Bank of India (116%), Union Bank of India (105%), and UCO Bank (105%) led the category.
* **Private and Cooperative Banks:** IDBI Bank achieved 156% of its target, while Mahila Sewa Sahakari Bank achieved 242%.
* **State Level (SLBCs):** Jharkhand (170%), Bihar (167%), and West Bengal (156%) emerged as leading achievers.
**Impact Analysis**
**Banks and Financial Institutions (PSBs, RRBs, Private, and Cooperative Banks)**
**Impact**
Institutions are recognized as the primary drivers of the scheme's success, with many exceeding their annual targets and strengthening the national social security framework.
**Action Required**
Continue to focus on subscriber persistency, expand outreach to the urban informal sector, and enhance engagement to maintain growth momentum.
**Women and Youth (18–25 Age Group)**
**Impact**
These demographics are seeing record-level inclusion in formal pension schemes, improving long-term financial security and retirement preparedness.
**Action Required**
Stakeholders must continue targeted awareness campaigns to sustain the rising trend of early-age enrollment and gender-inclusive participation.
**PFRDA and Department of Financial Services (DFS)**
**Impact**
The record growth in AUM and subscribers validates the regulatory strategy and highlights the scaling impact of the APY initiative across all States and Union Territories.
**Action Required**
Collaborate closely with banks, SLBCs, and the Department of Posts to improve the subscriber experience and move toward total pension saturation across the country.
Ministry of Finance
PFRDA conducts Atal Pension Yojana Annual
Felicitation Programme at New Delhi today
APY records 1.35 crore new subscribers during FY 2025-26;
AUM exceeds ₹54,000 crore
Secretary, DFS highlights importance of subscriber
persistency, financial literacy and outreach in urban informal
sector
Women participation under APY reaches record 55.14%
during FY 2025-26
Posted On: 20 MAY 2026 8:09PM by PIB Delhi
The Pension Fund Regulatory and Development Authority (PFRDA) organised the APY Annual
Felicitation Programme at New Delhi today. In the program, 53 APY SPs, 10 SLBCs and country wide top
5 Branches and Lead District Managers were awarded for their outstanding performance in achieving the
annual target under APY during the F.Y. 2025-26.Shri M. Nagaraju, Secretary, Department of Financial Services, appreciated the collective efforts of banks,
SLBCs and PFRDA in strengthening the social security framework. He highlighted that APY has crossed
9 crore gross enrolments and Assets Under Management (AUM) exceeding ₹54,000 crore, with a record
1.35 crore subscribers added during FY 2025-26. He emphasised the importance of subscriber persistency,
financial literacy and greater outreach in the urban informal sector.
Shri S. Ramann, Chairperson, PFRDA, underlined the growing importance of retirement preparedness,
and highlighted that APY recorded its highest-ever annual enrolment during FY 2025-26. He also
highlighted the significant rise in enrolments among the 18–25 age group, reflecting increasing awareness
among youth regarding long-term financial security, and emphasised the need to further strengthen
subscriber engagement and pension awareness across the country.
Smt. Mamta Shankar, Whole Time Member (Economics), PFRDA, highlighted the strong momentum
achieved under APY during FY 2025-26. She appreciated the contribution of banks, SLBCs and LDMs in
expanding the scheme’s outreach and noted that women participation under APY reached a record 55.14%
during the year. She also acknowledged the efforts of stakeholders in strengthening the scheme’s outreach
and implementation across the country.
APY has been implemented comprehensively across the country covering all States and Union Territories
with the total gross enrolments having crossed 9.10 crore as of 18th May 2026.
In FY 2025-26, the banking fraternity demonstrated outstanding commitment towards APY’s success, with
several banks and institutions significantly exceeding their annual targets. Among Public Sector Banks,
State Bank of India (116%), Union Bank of India (105%), and UCO Bank (105%) led the achievers,
followed by Indian Bank (104%) and Bank of Maharashtra (103%). In the Major Private Banks category,
IDBI Bank excelled with 156% achievement. Regional Rural Banks (RRBs) emerged as frontrunners,
with Jharkhand Rajya Gramin Bank (288%) and Tripura Gramin Bank (185%) setting benchmarks,
alongside strong performances from Meghalaya Rural Bank (163%), Punjab Gramin Bank (153%) and
Assam Gramin Vikash Bank (152%). AU Small Finance Bank 118% and Ujjivan Small Finance Bank too
contributed significantly with 100% achievement. Cooperative Banks also made a mark, led by ShriMahila Sewa Sahakari Bank (242%), Andhra Pradesh State Co-op Bank (175%), South Canara DCC Bank
(168%), Balaghat DCC Bank (149%), and Sabarkantha DCC Bank (130%). At the state level, SLBCs such
as Jharkhand (170%), Bihar (167%), and West Bengal (156%) were top achievers, with Assam (130%)
and Madhya Pradesh (133%) also performing strongly.
With APY emerging as one of the most significant social security initiatives, PFRDA reaffirmed its
commitment to working closely with banks, SLBCs and the Department of Posts to strengthen pension
awareness, improve subscriber experience and move steadily towards achieving pension saturation across
the country.
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