Over the years, 74.10 lakh authorities workers subscribed for the National Pension Scheme
The pension belongings below administration (AUM) achieved a brand new milestone and crossed the Rs 6 lakh crore mark (Rs 6 trillion) below the National Pension System (NPS) and the Atal Pension Yojana (APY), after a spot of 13 years. According to a current assertion launched by the Ministry of Finance on Wednesday, May 26, the Pension Fund Regulatory and Development Authority (PFRDA) introduced that the belongings below administration development of the final Rs 1 lakh crore had been achieved in a interval of seven months. (Also Read: (*6*)Mutual Fund Assets Up 41% At ₹ 2.09 Lakh Crore In Financial Year 2021 )
The Pension Fund Regulatory and Development Authority registered a development within the variety of subscribers for the National Pension Scheme. According to the assertion, 74.10 lakh authorities workers subscribed for the NPS through the years, and 28.37 lakh people joined from the non-government sector. The whole subscriber base of the Pension Fund Regulatory and Development Authority elevated to 4.28 crore.
According to authorities knowledge, the whole variety of subscribers below the National Pension Scheme and Atal Pension Yojana crossed 4.28 crore, and the Asset below Management subscriber grew to Rs 603,667.02 crore. (Also Read: All You Need To Know About Atal Pension Scheme )
The Pension Fund Regulatory and Development Authority is the statutory physique that was established to advertise, regulate, and guarantee a scientific development of the National Pension Scheme. The regulatory physique was established by an enactment of the Parliament and likewise regulated the pension schemes to which the Act applies.
Initially, the National Pension Scheme was notified for central authorities workers recruits and was subsequently adopted by nearly all state governments for its workers. The pension scheme was later prolonged to all Indian residents on a voluntary foundation and to the company for its workers.
