New Delhi, Oct 9 (IANS) The combined assets under management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have crossed the Rs 16 lakh crore mark, the Ministry of Finance said on Thursday.

The subscriber base of both the flagship pension investment schemes has also crossed the 9 crore mark.

“Marking an important milestone in India’s pension journey, the subscriber base has also widened to surpass 9 crores,” the ministry said.

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

This includes the Multiple Scheme Framework (MSF), effective from October 1, 2025, which offers greater investment choice.

“Adding to it is the NPS platform workers model covering gig workers and a

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