The amount of subscribers in a variety of strategies of the Countrywide Pension Method (NPS) rose to 53.17 million in Could 2022, registering a 24.07 for each cent YoY advancement, the pension Fund Regulatory and Improvement Authority (PFRDA) info showed. Until May 2021, the NPS subscribers figures stood at 42.85 million.
The Countrywide Pension Program is a defined contribution retirement discounts scheme administered and regulated by the PFRDA. The NPS delivers many retirement techniques, with Atal Pension Yojana remaining the most popular a person.
In the central governing administration sector of the NPS scheme, the amount of subscribers stood at 2.29 million by May possibly end, registering a 5.28 for every cent YoY progress.
In the condition governing administration sector, the NPS subscribers at 7.7 per cent YoY advancement stood at 5.64 million by May possibly end.
NPS subscribers in the company sector stood at 1.46 million, registering 26.83 for every cent YoY advancement.
In the “All Citizens” sector, the subscribers rose to 2.36 million at 39.11 for every cent advancement.
In the meantime, NPS Lite observed a drop in subscribers this yr by 2.66 for every cent in contrast to May 2021. NPS Lite subscribers lessened to 4.18 million in May perhaps 2022 from 4.29 past yr.
The Atal Pension Yojana scheme noticed an maximize in subscribers by 31.60 for each cent to 37.2 million in May well 2022.
By Might 2022, NPS’s full pension belongings less than management stood at Rs 7.38 trillion, witnessing 21.54 for every cent YoY expansion. Out of this, property well worth Rs 2.18 trillion are beneath the Central govt sector, whilst Rs 3.70 trillion are under the state government sector.