On October 9th 2025, the Ministry of Finance announced that the combined Assets Under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed the 16 lakh crore mark, while the subscriber base has surpassed 9 Crores. The PFRDA has introduced key initiatives to strengthen the NPS and widen pension inclusion, including the Multiple Scheme Framework (MSF) effective from 1st October 2025, the NPS Platform Workers Model, and a Consultation Paper on NPS Overhaul. The release ID is 2177002.
Key Entities Referenced
Pension Fund Regulatory and Development Authority (PFRDA): The regulator for the National Pension System and Atal Pension Yojana, responsible for introducing initiatives to strengthen and widen pension inclusion.
National Pension System (NPS): A government-sponsored pension scheme in India.
Atal Pension Yojana (APY): A government-backed pension scheme targeted at the unorganised sector in India.
Ministry of Finance: The ministry under which the NPS and APY schemes function.
Multiple Scheme Framework (MSF): A PFRDA initiative that expands investment choices within NPS.
Ministry of Finance
Assets under Management (AUM) of NPS and APY
cross 16 lakh crore mark
Subscriber base of NPS and APY surpasses 9
crores
Posted On: 09 OCT 2025 7:46PM by PIB Delhi
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.
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NB/AD
(Release ID: 2177002)