- Measure: NPS and APY Combined Assets Under Management (AUM) higher than 16 lakh crore.
- Subscriber Base: More than 9 crore subscribers in the country.
- Key Initiatives by PFRDA:
- Multiple Scheme Framework (MSF): Introduced 1 st October 2025 with additional investment options and options.
- NPS Platform Workers Model: Benefits gig and platform workers to retiree benefits.
- Consultation Paper on NPS Overhaul: It suggests graded payouts and flexible annuities.
- Targeted Outreach: Farmers, MSME workers, SHG members, and other informal sector members.
- Significance: Enhances old-age income security, and increases the levels of pension coverage in India.
Month: Current Affairs - October 15, 2025
Category: BANKING, FINANCE and BUSINESS