Subscribers underneath NPS, APY schemes rise 22% to 4.15 crore at February-end

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NEW DELHI: The subscribers underneath the flagship NPS and APY pension schemes grew by practically 22 per cent to 4.15 crore at February-end 2021, authorities knowledge confirmed on Wednesday.
“The variety of subscribers in numerous schemes rose to 414.70 lakh by end-February 2021 from 340.34 lakh in February 2020, displaying a year- on- yr improve of 21.85 per cent,” PFRDA mentioned in a launch.
The subscribers underneath Nationwide Pension System (NPS) and Atal Pension Yojana (APY) have been over 3.43 crore a yr in the past.
As of February 28, 2021, complete pension property underneath administration stood at Rs 5,59,594 crore, displaying a year-on-year development of 33.09 per cent, PFRDA mentioned.
The NPS is for the federal government, autonomous our bodies and company sector. APY primarily targets the unorganised sector within the nation to cater to their old-age pension wants.

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