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Pension Fund Regulatory and Development Authority (PFRDA) has registered a 24% jump in its subscribers’ base under two flagship pension schemes to more than 4.35 crore at the end of June.
“The number of subscribers in various schemes under the National Pension System (NPS) rose to 435.36 lakh by end-June 2021 from 350.99 lakh in June 2020 showing a year-on-year increase of 24.04 per cent,” PFRDA said in a statement on Friday. The two flagship schemes are Atal Pension Yojana (APY) and National Pension System (NPS).
Of the total, the number of subscribers under the APY stood at 288.60 lakh as of June 30, an increase of 33.95% from the year-ago period. The total pension assets under management stood at Rs 6,16,517 crore as on June 30, showing a yearly growth of 32.67%.