GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
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LOK SABHA
UNSTARRED QUESTION NO. 2939
TO BE ANSWERED ON 7
th
AUGUST, 2023 (MONDAY)/ /SRAVANA 16, 1945 (SAKA)
ATAL PENSION YOJANA
2939. Dr. Talari Rangaiah,
Shri Chandra Prakash Joshi,
Shri Sanjay Seth
Will the Minister of Finance be pleased to state:
(a) whether the Government propose to increase the amount of pension being given under the
Atal Pension Yojana;
(b) if so, the details thereof;
(c) if not, the reasons therefor;
(d) whether there is any proposal of the Government to make the scheme flexible in terms of the
amount to be given to the beneficiaries;
(e) if so, the details thereof;
(f) if not, the reasons therefor; and
(g) the total number of beneficiaries under Atal Pension Yojana, State/district-wise specially in
Rajasthan and Jharkhand?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(DR. BHAGWAT KARAD)
(a) to (g) Atal Pension Yojana (APY) was launched on 9
th
May, 2015, and was operationalised w.e.f.
1
st
June, 2015. Minimum age of joining APY is 18 years and maximum age is 40 years. As per the
scheme, subscriber will receive pension benefit on attaining the age of 60 years.
The Scheme offers flexible minimum guaranteed pension of Rs. 1000, Rs. 2000, Rs. 3000, Rs.4000
or Rs. 5000 per month based on age of joining and pension amount chosen. Accordingly, per month
subscription amount presently varies from Rs. 42 to Rs. 1454 on the basis of chosen option. APY
scheme offers a minimum guaranteed pension and any increase in pension amount is likely to increase
the subscription amount substantially and put further burden on the subscriber. Presently, it has been
decided to continue the scheme with same terms and conditions and not to further increase the pension
and consequential subscription amount.
State-wise enrolments under APY (including Rajasthan and Jharkhand) as on 31
st
May, 2023, are
5,33,38,482. Details are at Annexure A.
State/District-wise enrolments under APY for Jharkhand and Rajasthan as on 31
st
May, 2023 are at
Annexure B.
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