PFRDA: Subscribers underneath PFRDA pension schemes up 24 computer to over 5.32 cr at finish Could’22

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New Delhi: Subscribers underneath the 2 flagship pension schemes administered by PFRDA rose by over 24 per cent from a yr in the past to five.32 crore as of Could 31, 2022, official knowledge confirmed on Monday. “The variety of subscribers in varied schemes underneath the Nationwide Pension System (NPS) rose to 531.73 lakh by the end-Could 2022 from 428.56 lakh in Could 2021 exhibiting a year-on-year enhance of 24.07 per cent,” the Pension Fund Regulatory and Growth Authority (PFRDA) stated in a launch.

Atal Pension Yojana (APY) — the very best contributor to the subscriber base — registered a development of 31.6 per cent to three.72 crore by finish of Could this fiscal yr.

The variety of subscribers underneath NPS for central authorities workers rose by 5.28 per cent to 22.97 lakh, whereas that for state governments grew by 7.70 per cent to 56.40 lakh.

For the company sector, the variety of NPS subscribers elevated by 26.83 per cent to 14.69 lakh, whereas that for the all residents class jumped by 39.11 per cent to 23.61 lakh by the tip of Could, the info confirmed.

Below the NPS Lite class, whereby no recent registration is permitted from April 2015, the subscribers fell by 2.7 per cent to 41.85 lakh.

The overall belongings underneath administration (AUM) underneath the 2 schemes grew by 21.5 per cent to cross Rs 7.38 lakh crore as of Could 31, 2022.

The AUM underneath APY stood at Rs 21,142 crore, whereas the NPS accounted for the remaining Rs 7,17,172 crore.

APY is especially focused in the direction of offering 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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