India’s Pension Savings Cross ₹16 Lakh Crore; Over 9 Crore People Covered
New Delhi, 9 Oct 2025 – As per PIB, India’s retirement savings under National Pension System (NPS) and Atal Pension Yojana (APY) have crossed ₹16 lakh crore, with over 9 crore people now financially secured for their old age.
Key Highlights
- ₹16 lakh crore saved under NPS and APY, showing strong growth in retirement savings.
- 9+ crore people covered, including farmers, small business workers, gig workers, and self-help groups.
- New investment options launched from 1st October 2025 for more flexibility and higher returns.
- Special schemes introduced for gig workers and informal sector employees to widen pension coverage.
- Plans underway for graded payouts and flexible annuities, ensuring better retirement income for everyone.
| Year | Total Pension Savings (₹ lakh crore) | People Covered (crore) |
|---|---|---|
| 2022 | 7.8 | 5.9 |
| 2023 | 9.6 | 6.8 |
| 2024 | 12.0 | 8.0 |
| 2025 | 16.0 (PIB Oct 2025) | 9.0 + |
Crossing ₹16 lakh crore in retirement savings and covering over 9 crore people shows India’s focus on financial security for its citizens. New schemes and flexible options make pensions accessible to more workers, including farmers and gig economy participants, supporting long-term economic and social stability.
Source : Ministry of Finance , PIB , PFRDA Annual Reports 2022-24
