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Informist, Wednesday, May 20, 2026

 

--PFRDA head: See more people upgrading Atal Pension plan amount

--PFRDA head: Want to grow Atal Pension Yojana subscribers by 18-20% FY27

--PFRDA head: Aim to achieve over 22% growth in NPS subscribers in FY27

 

NEW DELHI - The Pension Fund Regulatory and Development Authority is continuing to evaluate and work on the demand to raise the upper limit of monthly pension payout under the Atal Pension Yojana from the current INR 5,000, Chairman S. Ramann said. "It will take time because these are long-term schemes, and long-term liabilities of the government are intertwined," Ramann said. 

 

Atal Pension Yojana was launched in May 2015, with the objective of providing old-age income security to workers in the unorganised sector. It offers a guaranteed minimum pension of INR 1,000 to INR 5,000 per month starting at age 60, based on contributions. In 2024-26 (Apr-Mar), 13.5 million subscribers joined the scheme, taking the cumulative number of subscribers to 90.9 million. 

 

It has been a long-standing demand from various sections of society to raise the upper limit of monthly pension under Atal Pension Yojana to up to INR 15,000 from the current INR 5,000. This will help with social security that is more pertinent to economic conditions 15-20 years down the line. 

 

Atal Pension Yojana is a flagship scheme under the National Pension System, administered by PFRDA. Ramann said there is interest among subscribers to increasingly move away from the lower bracket of INR 1,000 monthly payout to ensure adequate social security.

 

According to the chairman, subscription to the flagship scheme is expected to rise 18-20% in 2026-27 (Apr-Mar). Subscribers under NPS, on the other hand, are expected to rise over 22% this year. The total number of subscribers under NPS at the end of FY26 was 21.79 million, with a total corpus of INR 15.95 trillion.  End

 

Reported by Priyasmita Dutta and Sagar Sen 

Edited by Avishek Dutta

 

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