As of October 9, 2025, the combined Assets under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed ₹16 lakh crore, and the subscriber base has surpassed 9 crore. PFRDA has introduced key initiatives to strengthen NPS and broaden pension inclusion, including the Multiple Scheme Framework (MSF) effective from October 1, 2025. These initiatives aim to offer greater investment choice, cover gig workers with the NPS Platform Workers Model, propose graded payouts and flexible annuity options to enhance retirement adequacy, and expand coverage among various sectors. PFRDA remains committed to ensuring old-age income security for all Indians. For further information, contact the Media & Communication Department, PFRDA at E-500, Tower E, 5th Floor, World Trade Centre, Nauroji Nagar, New Delhi - 110 029, phone number 011-40717900, website www.pfrda.org.
Key Entities Referenced
Atal Pension Yojana (APY): A pension scheme targeted towards the unorganized sector in India.
Pension Fund Regulatory and Development Authority (PFRDA): Regulatory body overseeing pension schemes in India.
Multiple Scheme Framework (MSF): Initiative to strengthen NPS and broaden pension inclusion.
NPS Platform Workers Model: Initiative to cover gig workers under NPS.
National Pension System (NPS): A pension scheme in India.
Press Release
NPS and APY cross ₹16 lakh crore in Assets under Management and 9 crore
subscribers
New Delhi, 09 October, 2025 — 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 crore, marking an important milestone
in India’s pension journey
PFRDA has introduced key initiatives to strengthen NPS and broaden pension inclusion,
including the Multiple Scheme Framework (MSF) effective from 1st October 2025 to offer
greater investment choice, the NPS Platform Workers Model to cover gig workers, a
Consultation Paper on NPS Overhaul proposing graded payouts and flexible annuity options
to enhance retirement adequacy, and targeted outreach drives aimed at expanding coverage
among farmers, MSME workers, SHG members, and other informal sector participants,
reflecting 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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Media & Communication Department, PFRDA
ई-500, टावर - ई, 5वा तल, व(cid:227)ड (cid:91) (cid:282)ेड स(cid:581)टर, नौरोजी नगर, नई (cid:465)द(cid:227)ल(cid:547) – 110 029
E-500, Tower E, 5th Floor, World Trade Centre, Nauroji Nagar, New Delhi - 110 029
दरू भाष / PHONE NO: 011-40717900, वेबसाइट / Website – www.pfrda.org