Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Fri, 11 Mar 2022 11:50 AM IST
Summary
According to the data released by the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in various government pension schemes under the National Pension System (NPS) and Atal Pension Yojana has increased by about 22.31 per cent to 5.07 crore at the end of February, 2022. .
According to the data released by the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in various government pension schemes under the National Pension System (NPS) and Atal Pension Yojana has increased by about 22.31 per cent to 5.07 crore at the end of February, 2022. . The total assets under management under NPS and Atal Pension Yojana (APY) also increased by 28.21 per cent to Rs 7,17,467 crore.
Increase in the number of central employees
In a statement issued by PFRDA, it was said that at the end of February 2021 last year, this number was 4 crore 14.70 lakh. In this way, the number of people involved in pension schemes has increased by 22.31 percent as compared to a year ago. According to the pension regulator, the number of central government employees included in the NPS increased by about five percent to 22.75 lakh by the end of February. At the same time, the number of employees of state governments has increased by 9.22 percent to 55.44 lakh.
The number of young subscribers grew rapidly
According to the Economic Survey 2021-2022, it has been revealed that the youth have become more serious about saving for retirement. This is the reason why the membership of Atal Pension Yojana (APY) has increased in the age group of 18 to 25. According to the survey, as of September 2021, over 43 per cent of customers were in the age group of 18 to 25 years, up from 29 per cent in March 2016.
Expansion
According to the data released by the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in various government pension schemes under the National Pension System (NPS) and Atal Pension Yojana has increased by about 22.31 per cent to 5.07 crore at the end of February, 2022. . The total assets under management under NPS and Atal Pension Yojana (APY) also increased by 28.21 per cent to Rs 7,17,467 crore.
Increase in the number of central employees
In a statement issued by PFRDA, it was said that at the end of February 2021 last year, this number was 4 crore 14.70 lakh. In this way, the number of people involved in pension schemes has increased by 22.31 percent as compared to a year ago. According to the pension regulator, the number of central government employees included in the NPS increased by about five percent to 22.75 lakh by the end of February. At the same time, the number of employees of state governments has increased by 9.22 percent to 55.44 lakh.
The number of young subscribers grew rapidly
According to the Economic Survey 2021-2022, it has been revealed that the youth have become more serious about saving for retirement. This is the reason why the membership of Atal Pension Yojana (APY) has increased in the age group of 18 to 25. According to the survey, as of September 2021, over 43 per cent of customers were in the age group of 18 to 25 years, up from 29 per cent in March 2016.