In financial year 2021, there were over 4.3 million people subscribed under the NPS through the government's Swavalamban Yojana. 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 subscribers in India from financial year 2014 to 2021 (in millions)
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National Pension System Trust. (October 28, 2021). NPS Swavalamban Yojana subscribers in India from financial year 2014 to 2021 (in millions) [Graph]. In Statista. Retrieved July 03, 2022, from https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust. "NPS Swavalamban Yojana subscribers in India from financial year 2014 to 2021 (in millions)." Chart. October 28, 2021. Statista. Accessed July 03, 2022. https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust. (2021). NPS Swavalamban Yojana subscribers in India from financial year 2014 to 2021 (in millions). Statista. Statista Inc.. Accessed: July 03, 2022. https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust. "Nps Swavalamban Yojana Subscribers in India from Financial Year 2014 to 2021 (in Millions)." Statista, Statista Inc., 28 Oct 2021, https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/
National Pension System Trust, NPS Swavalamban Yojana subscribers in India from financial year 2014 to 2021 (in millions) Statista, https://www.statista.com/statistics/1028871/india-swavalamban-subscribers-national-pension-system/ (last visited July 03, 2022)