In the information given by the Finance Ministry on Friday, it was told that the number of subscribers of the National Pension Scheme reached 5.20 crore in March 20222. It had 4.24 crore subscribers in March 2021. That is, 96 lakh subscribers are connected to it in a year.
The interest of the people of the country in the National Pension Scheme (NPS) is increasing. This is the reason why investment in this scheme making retirement fund is increasing. In the last one year, the number of people investing in various schemes of NPS has increased by about 1 crore. The number of people investing in Atal Pension Yojana has increased the most.
NPS is becoming the most preferred option for building a retirement fund. This scheme is operated by Pension Fund Regulatory and Development.
In the information given by the Ministry of Finance on Friday, it was told that the number of subscribers of the National Pension Scheme reached 5.20 crores in March 20222 . It had 4.24 crore subscribers in March 2021. That is, 96 lakh subscribers are connected to it in a year. There has been a growth of 22.58 percent in the number of subscribers joining various schemes of NPS on a yearly basis.
AUM of APY 7.36 lakh crore
According to the data of the Ministry of Finance, Atal Pension Yojana (APY) had the highest number of subscribers till the end of March 2022. The number of investors of Atal Pension Yojana has increased to 3.62 crores. As on March 31, 2022, there was a total pension asset under management of Rs 7,36,592 crore under the Atal Pension Yojana.
There has been a tremendous increase of 27.43 percent in its AUM as compared to March 2021. 55.77 lakh employees of state government and 22.84 lakh employees of central government are associated with various schemes of NPS.
14.04 lakhs of private companies and 22.92 lakhs of common people are the subscribers of various schemes of National Pension System.
NPS was started in the year 2004. Earlier, only government employees could invest in it, but in 2009 it was opened to all.
In this, the investor can withdraw a part of the accumulated amount in lump sum on attaining the age of 60 years and regular pension is received from the remaining amount. While investing in NPS gives higher returns, tax exemption is also available.
