the pension sector now that Parliament has passed the PFRDA Bill, which gives the regulator a statutory status and increases the confidence of investors. The pension Bill incorporated a provision for an assured return scheme. Agarwal said the NPS already offers such a choice where the entire money is invested in G-Secs and state government securities.
Since the start of NPS in 2004, the subscriber base has increased to 52.8 lakh as 26 states and over 800 corporates joined the scheme. The NPS corpus has grown from just R2,277 crore in 2008-09 to R34,965 crore by the end of August 2013.