Atal Pension Yojana crosses landmark 5 crore Enrolments

January 30, 2023

The Atal Pension Yojana was launched in 2015. The main objective of the scheme is to provide income security to Indian citizens. The performance of the scheme was outstanding in 2022. It gained 1.25 crores of new subscribers in 2022. It is higher as compared to 2021. In 2021, the number was only 92 lakhs.

Current Scenario

The Government of India sets yearly targets for the banks under the Atal Pension Yojana. In 2022, 29 banks achieved the target. This includes SBI, Indian Bank, and other Public sector banks. In the Regional Rural Bank category, more than twenty-one banks achieved the target.

Best Performing States

UP, Bihar, WB, MP, Jharkhand, Assam, and Tripura achieved the set targets. The State Level Banker Committee set the Atal Pension Yojana annual targets for the State Government.

Role of SLBC

SLBC works to increase the reach of the program. This is achieved by creating links with State Rural Livelihood Mission, National Rural Livelihood Mission, digital initiatives, etc. Through these links, the SLBC conducts physical programs. It also launches chatbots and podcasts to increase the reach of the program.