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Pradeep Kumar

27/05/21 09:20 AM IST

Pension Fund Regulatory and Development Authority

In news

The Pension Fund Regulatory and Development Authority (PFRDA) here today announced crossing the milestone of Rs 6 lakh crore (Rs 6 trillion) of Assets Under Management (AUM) under the.

Highlights
  • National Pension System (NPS) and Atal Pension Yojana (APY), after 13 years.
  • The AUM growth of last Rs 1 trillion has been achieved in just 7 months. 
  • PFRDA has witnessed remarkable growth in NPS subscribers over the years with 74.10 lakh government employees in the scheme and 28.37 lakh individuals joining from the non-government sector. 
  • The total subscriber base of PFRDA has increased to 4.28 crore.

About PFRDA

  • Pension Fund Regulatory and Development Authority (PFRDA) is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the
  • National Pension System (NPS) and pension schemes to which this Act applies.
  • NPS was initially notified for central government employees recruits w.e.f. 1st January 2004 and subsequently adopted by almost all State Governments for its employees.
  • NPS was extended to all Indian citizens (resident/non-resident/overseas) on a voluntary basis and to corporates for its employees.
Source: PIB

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