Page 523 - ES 2020-21_Volume-1-2 [28-01-21]

150 Economic Survey 2020-21 Volume 1

PENSION SECTOR
4.55 The overall contribution under NPS grew by more than 30 per cent. Maximum growth was
registered by All-Citzen model/ UoS (52.3 per cent) followed by APY (46.1 per cent), Corporate
Sector (34.8 per cent) and State Govt. Sector (30.7 per cent). The Assets Under Management
(AUM) of NPS stands at ` 4.94 lakh crore as on September 30, 2020, as compared to ` 3.71
lakh crore at the end of September, 2019, thereby recording an overall growth (YoY) of 33.3
per cent (Table 14). The maximum growth was recorded under APY i.e. 49.2 per cent over the
year, followed by All-Citizen/UoS (45.8 per cent), Corporate Sector (39.6 per cent) and State
Government Sector (33.9 per cent).

Table 14: Status of NPS (Status as on 30 September 2020)
th
YoY YoY
No. of Subscribers growth Contribution growth AUM YoY
(in lakh) growth
( ` in Crore) ( ` in Crore)

Sep-19 Sep-20 % Sep-19 Sep-20 % Sep-19 Sep-20 %

CG 20.26 21.3 5.1 88,300 1,11,293 26 1,24,703 1,60,606 28.8

SG 45.51 48.97 7.6 1,43,816 1,88,000 30.7 1,86,849 2,50,260 33.9

Corporate 8.77 10.46 19.3 28,031 37,788 34.8 36,340 50,730 39.6

UOS# 10.24 13.58 32.6 11,344 17,282 52.3 11,127 16,224 45.8

NPS Lite 43.4 43.17 -0.5 2,624 2,776 5.8 3,631 4,068 12

APY 178.21 236.85 32.9 7,927 11,585 46.1 8,743 13,042 49.2

Total 306.39 374.32 22.2 2,82,042 3,68,725 30.7 3,71,393 4,94,930 33.3

Source: PFRDA
Note: CG-Central Government, SG- State Government, #UoS-All Citizen Model, APY-Atal Pension Yojana
4.56. In view of COVID-19, various regulatory measures were taken, including:
• Issuance of an advisory for extension of timelines for submission of various compliance
by the Pension Funds and Custodian.
• Extension of time limit by one month (i.e. up to 30.06.2020) for submission of annual
accounts and other annual MIS due to COvID-19 for all Pension Funds, Custodian, and
NPS Trust.

• The partial withdrawal from NPS has been allowed for treatment of COvID-19.
• The online functionality on NPS on-boarding through Aadhaar-based offline paperless
KYC verification.
• Online registration of APY subscribers through Bank’s own web-portal, without using
net-banking by their Savings Bank Customers.