GS3 · Pensions

NPS and APY assets cross ₹16 lakh crore

Battle IAS current affairs title card: NPS and APY assets cross ₹16 lakh crore (GS3 · Pensions, 9 October 2025)
Asked by UPSCPrelims 20171 PYQ

UPSC has already asked about this. Read the story with these questions in mind.

What happened

  • Combined AUM of NPS and Atal Pension Yojana crossed ₹16 lakh crore on 9 October 2025; subscribers passed 9 crore [PIB].
  • PFRDA has introduced the Multiple Scheme Framework (from 1 October 2025), an NPS model for platform (gig) workers and a consultation paper on payouts [PIB].

Background

  • APY targets informal workers with a guaranteed pension [PIB mentions informal-sector outreach].

Why it matters

  • Gig worker coverage links to the Code on Social Security.

How to use this in Mains

GS-III Welfare schemes for vulnerable sections

  1. As per PIB (2025-10-09): combined AUM of NPS and Atal Pension Yojana crossed ₹16 lakh crore on 9 October 2025; subscribers passed 9 crore.
  2. Gig worker coverage links to the Code on Social Security.
Quotable data point

PFRDA has introduced the Multiple Scheme Framework (from 1 October 2025), an NPS model for platform (gig) workers and a consultation paper on payouts.

PIB: Finance: NPS and APY AUM cross ₹16 lakh crore, 9 Oct 2025

Exam angle

UPSC

Prelims: APY, NPS.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Combined AUM crossed

Answer (b) & explanation

PIB.

Practice · UPSC

MSF effective from

Answer (b) & explanation

PIB.

Practice · UPSC

New NPS model is for

Answer (a) & explanation

PIB.

Go deeper

Official source: PIB: Finance: NPS and APY AUM cross ₹16 lakh crore, 9 Oct 2025

facts from cited sources only; faculty review pending