The Pension Fund Regulatory and Development Authority, (PFRDA), on December 15, 2025, issued a circular introducing an incentive structure for Points of Presence (PoPs) to promote National Pension System (NPS) enrollment facilitated through Farmer Producer Organizations (FPOs). This initiative builds upon PFRDA’s earlier decision (September 23, 2025) permitting MCA-registered FPOs to act as Pension Agents, with the objective of strengthening last-mile pension coverage in the agriculture and allied sectors.
Under the notified Incentive Framework, PoPs will be eligible for an additional incentive of up to ₹100 per subscriber for each new individual NPS enrollment facilitated through FPOs, over and above the existing PoP charge structure. Eligibility is subject to receipt of the initial contribution and the minimum annual contribution, as prescribed by PFRDA from time to time. The incentive is intended to compensate for higher outreach and servicing costs in rural and semi-urban areas and to encourage PoPs to actively collaborate with FPOs for expanding NPS penetration.
The incentive framework shall remain applicable till March 31, 2027, after which it will be reviewed by the Authority. The circular has been issued in exercise of powers conferred under Section 14 of the PFRDA Act, 2013, reinforcing PFRDA’s policy focus on inclusive pension coverage and leveraging institutional networks such as FPOs for wider financial inclusion.
[Circular No. PFRDA/2025/23/NPS-AGRI/01]
