Flagging concerns over the high concentration of Atal Pension Yojana (APY) subscribers in the minimum slab of Rs 1,000, Financial Services Secretary M Nagaraju called on financial institutions, particularly banks, to nudge individuals toward higher pension slabs as their incomes grow.
The flagship social security scheme, APY, has witnessed gross enrolments crossing the 9 crore mark, and in FY26, a record 1.35 crore new subscribers were added.
“Amid this remarkable progress, I must call your attention to the critical concern that there is an overwhelming concentration of enrolments in the Rs 1,000 monthly pension slab,” he said, while addressing an Atal Pension Yojana Annual Felicitation Programme organised by PFRDA here.
“While we celebrate our enrolment numbers, we must ask ourselves: would Rs 1,000 per month provide adequate protection to our subscribers 20 or 30 years from now? This concentration suggests that our counselling at the point of enrolment needs more strengthening. Ou
​Flagging concerns over the high concentration of Atal Pension Yojana (APY) subscribers in the minimum slab of Rs 1,000, Financial Services Secretary M Nagaraju called on financial institutions, particularly banks, to nudge individuals toward higher pension slabs as their incomes grow.
The flagship social security scheme, APY, has witnessed gross enrolments crossing the 9 crore mark, and in FY26, a record 1.35 crore new subscribers were added.
“Amid this remarkable progress, I must call your attention to the critical concern that there is an overwhelming concentration of enrolments in the Rs 1,000 monthly pension slab,” he said, while addressing an Atal Pension Yojana Annual Felicitation Programme organised by PFRDA here.
“While we celebrate our enrolment numbers, we must ask ourselves: would Rs 1,000 per month provide adequate protection to our subscribers 20 or 30 years from now? This concentration suggests that our counselling at the point of enrolment needs more strengthening. Ou by Soban News (international And National News)
