Subscribers under NPS, Atal Pension Yojana schemes rise 22% to 4.15 crore at February-end

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New Delhi: The subscribers under the flagship National Pension System and Atal Pension Yojana pension schemes grew by nearly 22% to 4.15 crore at February-end 2021, government data showed on March 17. “The number of subscribers in various schemes rose to 414.70 lakh by end-February 2021 from 340.34 lakh in February 2020, showing a year- on- year increase of 21.85%,” PFRDA said in a release.

There were over 3.43 crore subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY) a year ago.

As of February 28, 2021, total pension assets under management stood at Rs 5,59,594 crore, showing a year-on-year growth of 33.09%, PFRDA said.

The NPS caters to the government employees, staff of autonomous bodies and corporate sector. APY mainly targets the unorganised sector in the country to cater to their old-age pension needs.