The update was shared during the APY Annual Programme held in New Delhi on May 20, where the regulator reviewed scheme performance across banks, states and implementing agencies.
Pension Fund Regulatory and Development Authority said total gross enrolments under Atal Pension Yojana have now crossed 91 million as of 18 May 2026, while assets under management have exceeded ₹54,000 crore.
Officials noted that the scheme’s expansion was supported by improved outreach and stronger participation from multiple banking channels. The highest annual addition of subscribers was also accompanied by a noticeable rise in enrolments among younger individuals, particularly in the 18–25 age group, indicating growing awareness of long-term retirement planning.
Women accounted for 55.14% of total enrolments during FY26, reflecting continued strong participation across semi-urban and rural regions.
PFRDA highlighted that several banks and financial institutions exceeded their annual targets during the year. Among public sector banks, State Bank of India, Union Bank of India and UCO Bank were among the top performers, along with Indian Bank and Bank of Maharashtra.
In the private sector, IDBI Bank reported strong performance. Regional rural banks delivered particularly high achievement levels, led by Jharkhand Rajya Gramin Bank and Tripura Gramin Bank, followed by Meghalaya Rural Bank, Punjab Gramin Bank and Assam Gramin Vikash Bank.
Small finance banks such as AU Small Finance Bank and Ujjivan Small Finance Bank also contributed to overall growth. Cooperative banks, including Shri Mahila Sewa Sahakari Bank and Andhra Pradesh State Co-operative Bank, reported significant progress.
At the state coordination level, State Level Bankers’ Committees (SLBCs) in Jharkhand, Bihar and West Bengal recorded the highest achievement levels, with Assam and Madhya Pradesh also showing strong performance.
PFRDA said the scheme’s continued growth reflects wider distribution reach, improved onboarding processes and increasing awareness of retirement security. It added that collaboration with banks, SLBCs and the Department of Posts will remain central to expanding coverage and strengthening subscriber engagement going forward.
