With this achievement, PFRDA remains committed to its vision of ensuring old-age income security for all Indians, it added. (Source: Canva) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The combined Assets Under Management (AUM) of the central government's two flagship retirement saving schemes -- National Pension System and Atal Pension Yojana -- have crossed the Rs 16 lakh crore-mark.

NPS was launched in 2004 while APY was introduced in 2015.

Marking an important milestone in India's pension journey, the subscriber base has also widened to surpass 9 crore, PFRDA said in a statement on Thursday.

Pension Fund Regulatory and Development Authority (PFRDA) has later introduced key initiatives to strengthen the NPS and widen pension inclusion. This includes the Multiple S

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