PFRDA subscriber base up by 23% to 4.27 crore by April 2021
The overall subscriber base under the two schemes --National Pension System and Atal Pension Yojana-- stood at 3.46 crore by April 2020
New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has registered over 23% jump in the subscriber base under its two flagship pension schemes at 4.27 crore by the end of April this year, data showed on Wednesday.
The overall subscriber base under the two schemes –National Pension System (NPS) and Atal Pension Yojana (APY)– stood at 3.46 crore by April 2020. The number of subscribers in various schemes rose to 426.75 lakh by end-April 2021 from 346.01 lakh in April 2020 showing a year-on-year increase of 23.33%, the Pension Fund Regulatory and Development Authority (PFRDA) said in a release.
The number of subscribers under the Atal Pension Yojana (APY) increased by 33.23% to 2.82 crore as of April 2021. The assets under management (AUM) of these two schemes jumped by more than 36% to Rs 5.90 lakh crore by the end of first month of the current fiscal year 2021-22. Of this, the AUM of APY scheme moved up by 47.4% to Rs 16,136 crore.
The National Pension System (NPS) mainly caters to the employees in the organised sector, including all government staff in the centre and states, while the APY is mainly targeted to fulfil the pension needs of those employed in the unorganised sector in the country.