Atal Pension Yojana (APY) information: The whole enrollments underneath APY scheme have crossed 4.01 crore as on March 2022 out of which greater than 99 lakh APY accounts have been opened throughout FY 2021-22, PFRDA mentioned in an announcement in the present day.
Out of the entire enrolments underneath APY as on thirty first March 2022, practically 80% subscribers have opted for Rs 1000 pension plan and 13% for Rs 5000 pension plan. Out of the entire APY subscribers 44% are feminine subscribers whereas 56% are male subscribers. Further, out of the entire APY subscribers, 45% are aged between 18 and 25 years.
The regulator additional mentioned that the scheme had seen this large success as a result of lively participation of all classes of banks. Around 71% of enrolments are executed by public-sector banks, 19% by Regional Rural Banks, 6% by Private Sector Banks, 3% by Payment and Small Finance Banks.
State Bank of India, Indian Bank, Bank of India, Bank of Baroda and Central Bank of India achieved annual goal within the Public-sector Bank class.
While Vidarbha Konkan Bank, Tripura Gramin Bank, Jharkhand Rajya Gramin Bank , Paschim Banga Gramin Bank, Baroda UP Bank, Uttarbanga Ksheriya Gramin Bank ,Aryavart Bank, Baroda Gujarat Gramin Bank, Uttar Bihar Gramin Bank, Maharashtra Gramin Bank, Odisha Gramya Bank, Madhya Pradesh Gramin Bank, Karnataka Vikas Grameena Bank, Chaitanya Godavari Grameena Bank, Telangana Grameena Bank, Andhra Pradesh Grameena Vikas Bank, Baroda Rajasthan Kshetriya Gramin Bank, Rajasthan Marudhara Gramin Bank, Dakshin Bihar Gramin Bank, Prathama UP Gramin Bank, Punjab Gramin Bank, Puduvai Bharthiar Grama Bank, Andhra Pragathi Grameena Bank, Manipur Rural Bank and Uttarakhand Gramin Bank achieved annual targets within the Regional Rural Bank class.
Also, Tamilnad Mercantile Bank, AU Small Finance Bank,Shri Mahila Sewa Sahakari Bank, The Kalupur Commercial Co-Operative Bank, The Sabarkantha District Central Co-Operative Bank and Rajkot Nagarik Sahakari Bank achieved annual goal in different financial institution classes.
Apart from the banks, 9 State Level Banker’s Committees in Bihar, Jharkhand, Assam, Uttar Pradesh, West-Bengal, Rajasthan, Madhya Pradesh, Odisha and Tripura achieved annual targets underneath APY.
The assertion mentioned that PFRDA has strategized to focus on Jan-dhan accounts holders, promote digital mode of enrolment to focus on younger inhabitants, involving different Central ministries, State Governments and companies like NRLM/ SRLM for APY outreach packages by webinars and townhall conferences.
Source: www.financialexpress.com”