In financial year 2023, there were nearly five million people subscribed under the NPS through the government's Swavalamban Yojana or NPS Lite scheme. Literally meaning self-dependent, the scheme was announced by the government of India in 2010 to encourage people from the unorganized sector to voluntarily save for their retirement. The government contributes a specific amount per year to each NPS–Swavalamban account holder under this scheme.
NPS Swavalamban Yojana or NPS Lite subscribers in India from financial year 2014 to 2023
(in millions)
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National Pension System Trust. (September 22, 2023). NPS Swavalamban Yojana or NPS Lite subscribers in India from financial year 2014 to 2023 (in millions) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust. "NPS Swavalamban Yojana or NPS Lite subscribers in India from financial year 2014 to 2023 (in millions)." Chart. September 22, 2023. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust. (2023). NPS Swavalamban Yojana or NPS Lite subscribers in India from financial year 2014 to 2023 (in millions). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust. "Nps Swavalamban Yojana or Nps Lite Subscribers in India from Financial Year 2014 to 2023 (in Millions)." Statista, Statista Inc., 22 Sep 2023, https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust, NPS Swavalamban Yojana or NPS Lite subscribers in India from financial year 2014 to 2023 (in millions) Statista, https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/ (last visited November 04, 2024)
NPS Swavalamban Yojana or NPS Lite subscribers in India from financial year 2014 to 2023 (in millions) [Graph], National Pension System Trust, September 22, 2023. [Online]. Available: https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
