Subscriber base of NPS and APY surpasses 9 crores

The combined Assets Under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed the ₹16 lakh crore mark today. Marking an important milestone in India’s pension journey, the subscriber base has also widened to surpass 9 Crores.

PFRDA has introduced key initiatives to strengthen the NPS and widen pension inclusion. This includes the Multiple Scheme Framework (MSF) effective from 1st October 2025 which offers greater investment choice. Adding to it is the NPS Platform Workers Model covering gig workers and a Consultation Paper on NPS Overhaul proposing graded payouts and flexible annuity options to enhance retirement adequacy.  Further the targeted outreach drive aims at expanding coverage among farmers, MSME workers, SHG members and other informal sector participants. This reflects PFRDA’s continued focus on inclusion, flexibility, and long-term financial security.

With this achievement, PFRDA remains committed to its vision of ensuring old-age income security for all Indians.

NPS and APY assets cross Rs.16 lakh crore, reforms expand pension inclusion and provide flexible payout options. Combined AUM of NPS and APY has crossed Rs.16 lakh crore with subscribers above nine crore. The Multiple Scheme Framework effective 1 October 2025 widens investment choice and an NPS Platform Workers Model targets gig workers. A consultation paper on an NPS Overhaul proposes graded payouts and flexible annuity options, and targeted outreach aims to expand coverage among farmers, MSME workers, self help groups and informal sector participants.