PFRDA Celebrates Atal Pension Yojana Milestones at Annual Felicitation Ceremony
Total registrations under the social security scheme crossed 9.10 crore subscribers as of mid-May 2026, supported by an asset management base (AUM) exceeding ₹54,000 crore.
A significant demographic shift was highlighted, with enrollment figures rising sharply among youth aged 18–25 years and women achieving a record-breaking participation rate of 55.14% during the fiscal year.
State Bank of India emerged as the top performer among public sector banks by achieving 116% of its target, while IDBI Bank and Jharkhand Rajya Gramin Bank excelled in the private and regional rural categories respectively.
Exam Perspective: The mobilization trends, gender parity improvements, and systemic growth under APY offer indicators on the expansion of institutional micro-pension coverage across India's unorganized sector.
Key Facts / Static GK
Subscribers under APY are guaranteed a minimum monthly pension of ₹1,000 to ₹5,000 after attaining the age of 60 years.
PFRDA was established in 2003 and granted statutory status through the PFRDA Act, 2013, operating under the Ministry of Finance.
Q Practice Quiz — 25 May 2026
1. Which banking institution registered the highest target achievement of 288% under the Atal Pension Yojana (APY) mobilization campaign during the financial year 2025-26?
Explanation: Among Regional Rural Banks (RRBs), Jharkhand Rajya Gramin Bank recorded the highest performance, achieving 288% of its designated target under the Atal Pension Yojana (APY) in FY 2025-26.
2. Under which statutory legislation did the Reserve Bank of India grant the final Prepaid Payment Instrument (PPI) issuer authorization to ZikZuk Technologies?
Explanation: The Reserve Bank of India (RBI) issued the final operating authorization to ZikZuk Technologies under the regulatory provisions of the Payment and Settlement Systems Act (PSSA), 2007.
3. Which mathematical model is utilized to structure the benchmark of India's first exchange-traded weather derivatives contract 'RAINMUMBAI'?
Explanation: The 'RAINMUMBAI' weather derivatives contract is structured on the Cumulative Deviation Rainfall (CDR) model, which measures actual monsoon rainfall deviation from the historical Long Period Average (LPA).
4. Who has been appointed to chair the newly formed PFRDA committee tasked with exploring new asset classes to maximize returns under the National Pension System (NPS)?
Explanation: The committee established by the Pension Fund Regulatory and Development Authority (PFRDA) to evaluate the addition of new asset classes to improve NPS returns is chaired by Narayan Ramachandran.
5. Which of the following represents the largest infrastructure development approved under India's recent ₹2,600 crore allocation for the Chenab river basin?
Explanation: The Chenab-Beas Link Tunnel Project is the largest among the approved projects, valued at ₹2,352 crore, and features an 8.7-km tunnel constructed in the Lahaul-Spiti region of Himachal Pradesh.
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.
More from BANKING & FINANCE
- RBI Central Board Reviews Balance Sheet Expansion and Financial Metrics at 623rd Meeting
- Fintech Skydo Bags Crucial Payment Service Provider Approvals from RBI & GIFT City
- RBI Approves Landmark ₹2.87 Lakh Crore Surplus Transfer to Central Government for FY26
- NCDEX Introduces India's First Exchange-Traded Weather Derivatives Contract 'RAINMUMBAI'
- RBI Grants Final Prepaid Payment Instrument Issuer License to ZikZuk Technologies