Pension fund regulator PFRDA is expecting National Pension System (NPS) and Atal Pension Yojana to grow at a rate of 35-40 percent in the current fiscal.
The NPS, the federal government’s flagship yojana, has actually been developed in a way to accommodate both the organized and heterogeneous unorganized sector.
On the event, the top three performing Points of Presence (POPs) under the apy and the NPS were awarded for their contribution in bringing customers.
At present, the NPS has more than 1.57 crore subscribers with overall assets under the management of over Rs 1.72 lakh crore.
After inaugurating the conference, Minister of State for Finance Santosh Gangwar drew attention on the requirement for producing awareness on pension at the grassroots level.
The pension regulator PFRDA remains in the procedure of beginning an auto-enrolment program under the National Pension System (NPS) to increase penetration of the social security scheme in the nation.
Speaking at the ‘Third Pension Conference on Implementation of NPS’ here, PFRDA Chairman Hemant Contractor likewise stated the regulator will take all actions to increase the outreach of National Pension Scheme and Atal Pension Yojana (apy).