The Pension Fund Regulatory and Development Authority (PFRDA) on May 12, 2026, notified regarding the Extension of incentive framework to grass-root Pension Agents for enrollments facilitated under NPS Sanchay.
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced an incentive framework to expand pension coverage and strengthen last-mile outreach under the National Pension System (NPS). Building upon an earlier initiative that provided ₹100 per subscriber for enrollments through Farmer Producer Organizations (FPOs), the Authority has now extended this benefit to enrollments under the newly launched NPS Sanchay scheme.
Under this expanded framework, Points of Presence (PoPs) will receive an incentive of ₹100 per subscriber for new enrollments facilitated through various grassroots pension agents, including CSC Village Level Entrepreneurs (CSC-VLEs), Business Correspondents (BCs)/Pension Sakhis, and Primary Agricultural Credit Societies (PACS), in addition to FPOs. The incentive is aimed at encouraging wider participation and improving pension penetration at the grassroots level.
To qualify for the incentive, enrollments must meet prescribed conditions such as receipt of the initial contribution and minimum annual contribution, as specified by PFRDA from time to time. This incentive is over and above existing onboarding charges available to PoPs under NPS Sanchay.
The scheme will remain in force until March 31, 2027, unless modified or withdrawn earlier, and is intended to provide additional income support to grassroots agents while promoting financial inclusion and retirement security.
[Circular No. PFRDA/2026/27/NPS-AGRI/02]
