pfrda: Variety of subscribers underneath PFRDA pension schemes up 23 laptop to five.23 cr

The variety of subscribers underneath the 2 flagship pension schemes of PFRDA elevated almost 23 per cent to over 5.23 crore by April-end 2022. The subscriber base of the 2 schemes mixed was 4.26 crore in April final yr, Pension Fund Regulatory and Improvement Authority (PFRDA) information confirmed.

The flagship schemes — Nationwide Pension System (NPS) and Atal Pension Yojana (APY) — had whole asset underneath administration of Rs 7,38,765 crore at April-end 2022, rising by 25.25 per cent from the year-ago interval.

“The variety of subscribers in numerous schemes underneath NPS rose to 523.87 lakh by end-April 2022 from 426.75 lakh in April 2021 displaying a year-on-year enhance of twenty-two.76 per cent,” it mentioned.

The variety of subscribers underneath APY grew almost 30 per cent to three.65 crore by April this yr.

The remaining 1.58 crore subscribers belonged to varied classes underneath NPS — the pension scheme which primarily caters to the federal government sector and company sector workers.

APY is especially focused in the direction of offering a social safety profit after retirement to those that work within the unorganised sector and type a big chunk of employment within the nation.
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