PFRDA and SLBC Karnataka Strengthen Pension Awareness; Karnataka Achieves 80% of APY Target

Bengaluru, November 27, 2025: The State Level Bankers’ Committee (SLBC), Karnataka, in collaboration with the Pension Fund Regulatory and Development Authority (PFRDA), organised an Atal Pension Yojana (APY) Outreach Programme to enhance awareness and accelerate enrolments under APY across the state, particularly among low-income and unorganised sector workers.
APY is a flagship guaranteed pension scheme of the Government of India aimed at providing social security to citizens aged 18–40 years. The scheme offers a fixed monthly pension ranging from ₹1,000 to ₹5,000 on attaining 60 years of age, with lifetime pension benefits to the spouse and return of accumulated corpus to the nominee.
The programme was chaired by Pravesh Kumar, Chief General Manager, PFRDA. M. Bhaskara Chakravarthy, Convenor – SLBC Karnataka and General Manager, Canara Bank, delivered the welcome address, followed by the inaugural address by K. B. Geetha, General Manager, SLBC Karnataka, Canara Bank.
Senior officials including Arunkumar P, Saket Kumar from NABARD and RBI, and Sunil Kurtkoti, Financial Advisor, Government of Karnataka, addressed the gathering. They emphasised the need for banks and Lead District Managers (LDMs) to focus on coverage of uncovered populations, especially in semi-urban and rural regions, and conduct targeted drives for contractual workers of the state government.
During the programme, PFRDA informed that Karnataka has achieved 6.17 lakh enrolments under APY in FY 2024–25, against the state target of 7.75 lakh, achieving 80% progress as on 31.03.2025. Karnataka ranks 9th among large states and 14th at the national level in APY performance. PFRDA reiterated its commitment to expand the subscriber base and strengthen pension awareness across the state.
Outstanding       performers        were     recognised         under: “Annual Awards of Lead District Manager FY 2024–25”, covering LDMs from Yadgir, Bidar, Kalaburagi, Koppal, Vijayanagar, Chitradurga, Raichur, Vijayapura, Gadag, Chamarajanagar, Ballari, Davanagere, Belagavi, Bagalkote, Haveri, Kolar, Mysuru, Mandya and Tumkur.
Similarly, “Annual Awards of State Controlling Head of Banks FY 2024–25” were presented to teams from Kotak Mahindra Bank, Tamilnad Mercantile Bank, Karnataka Grameena Bank, IndusInd Bank, South Canara DCC Bank, IDBI Bank, IDFC First Bank, South Indian Bank, Yes Bank and Karnataka Bank.
Ajay Kumar Podishetty, Assistant Manager, PFRDA, gave a detailed presentation on APY, covering operational processes and best enrolment practices.
A comprehensive review of bank-wise and district-wise performance was undertaken. Banks and LDMs were advised to intensify outreach efforts to achieve the remaining targets for FY 2024–25.
The programme concluded with a vote of thanks by Shri Pradeep Kumar, Divisional Manager, SLBC Karnataka.