Pension Schemes: Increased interest of people in NPS and Atal Pension Yojana, 22 percent jump in the number of subscribers

Pension Schemes: Increased interest of people in NPS and Atal Pension Yojana, 22 percent jump in the number of subscribers

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new Delhi. The number of subscribers under two major pension schemes under pension regulator PRFDA (PFRDA) grew by over 22 per cent year-on-year to 5.07 crore by the end of February this year. The Pension Fund Regulatory and Development Authority (PRFDA) said on Thursday that by the end of February 2022, the number of subscribers in various schemes under the National Pension System (NPS) has increased by 22 per cent year-on-year. 507.23 lakhs. In February 2021, this number was 414.70 lakh. On an annual basis, this increase is 22.31 percent.

According to PFRDA, the total pension assets of the two schemes under management, NPS and Atal Pension Yojana, increased to Rs 7,17,467 crore. It has increased by 28.21 percent on a yearly basis. According to the data of PFRDA, the number of subscribers in the category of employees of the center of NPS has increased by 5 percent to 22.75 lakh. At the same time, the number of state government employees has increased by 9.22 percent on an annual basis and this number has increased to 55.44 lakh.

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In the corporate sector also, the number of subscribers has also increased by 25 percent and the total subscriber has increased to 13.80 lakhs. There has also been an increase of 37.70 percent in all civilian area subscribers and the number of subscribers in this sector has increased to 21.33 lakh.

The number of employees availing pension in NPS Lite Mode was 41.88 lakh at the end of February 2022. No new registrations are being done in this category from 1st April 2015. APA Lite was implemented on April 1, 2010. By the end of February, the number of subscribers of Atal Pension Yojana has increased by 29 percent and the total subscription has reached 3.52 crores.

What is NPS

It is worth noting that the National Pension System or NPS (NPS) is a government retirement savings scheme, which was launched by the central government in the year 2004. From the year 2009 onwards, this scheme was also opened to the people working in the private sector.

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What is Atal Pension Yojana

Let us tell you that Atal Pension Yojana is a guaranteed pension scheme for the citizens of India. It was launched on May 9, 2015. The younger you join this scheme, the more you will benefit.

Tags: Atal pension, NPS

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