NPS and APY Assets Cross Rs 16 Trillion Milestone
ECONOMY & POLICY

NPS and APY Assets Cross Rs 16 Trillion Milestone

The combined Assets Under Management (AUM) of the National Pension System (NPS) and the Atal Pension Yojana (APY) have surpassed Rs 16 trillion, marking a significant milestone in India’s pension sector. The subscriber base has also expanded beyond 90 million, reflecting the growing adoption of formal retirement savings across the country.

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced several initiatives to strengthen the NPS framework and enhance pension inclusion. Among these is the Multiple Scheme Framework (MSF), effective from 1 October 2025, which provides subscribers with greater investment choice and flexibility in managing their retirement portfolios.

PFRDA has also launched the NPS Platform Workers Model, extending pension coverage to gig economy workers, alongside releasing a Consultation Paper on NPS Overhaul, which proposes graded payouts and flexible annuity options to improve retirement adequacy.

A targeted outreach campaign has been rolled out to expand pension access among farmers, MSME employees, self-help group (SHG) members, and other participants in the informal sector. These efforts underscore PFRDA’s ongoing focus on inclusion, innovation, and financial security.

With this achievement, PFRDA reaffirmed its commitment to ensuring old-age income security for every Indian, in alignment with the national vision of a financially resilient and inclusive India.

The combined Assets Under Management (AUM) of the National Pension System (NPS) and the Atal Pension Yojana (APY) have surpassed Rs 16 trillion, marking a significant milestone in India’s pension sector. The subscriber base has also expanded beyond 90 million, reflecting the growing adoption of formal retirement savings across the country. The Pension Fund Regulatory and Development Authority (PFRDA) has introduced several initiatives to strengthen the NPS framework and enhance pension inclusion. Among these is the Multiple Scheme Framework (MSF), effective from 1 October 2025, which provides subscribers with greater investment choice and flexibility in managing their retirement portfolios. PFRDA has also launched the NPS Platform Workers Model, extending pension coverage to gig economy workers, alongside releasing a Consultation Paper on NPS Overhaul, which proposes graded payouts and flexible annuity options to improve retirement adequacy. A targeted outreach campaign has been rolled out to expand pension access among farmers, MSME employees, self-help group (SHG) members, and other participants in the informal sector. These efforts underscore PFRDA’s ongoing focus on inclusion, innovation, and financial security. With this achievement, PFRDA reaffirmed its commitment to ensuring old-age income security for every Indian, in alignment with the national vision of a financially resilient and inclusive India.

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