PFRDA extends NPS Sanchay incentive to grass-root pension agents
PoPs must verify agent channel and contribution receipt before claiming incentives
PFRDA
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Change
PFRDA extended the ₹100 per-subscriber incentive framework for NPS Sanchay enrollments facilitated through specified grass-root Pension Agents, valid until March 31, 2027 unless changed earlier.
Why it matters
The circular expands the incentive route beyond Farmer Producer Organisations to include CSC-VLEs, Business Correspondents, Pension Sakhis and Primary Agricultural Credit Societies. Points of Presence must link each eligible claim to the authorised agent category and the required initial and minimum annual contribution conditions.
Implications
- — Points of Presence must verify that each NPS Sanchay enrollment claiming the ₹100 incentive was facilitated through an authorised grass-root Pension Agent category.
- — Points of Presence must confirm receipt of the prescribed initial contribution and applicable minimum annual contribution before treating an enrollment as incentive-eligible.
- — Grass-root Pension Agents operating through PoPs must route NPS Sanchay enrollments through the authorised channel for the incentive to apply.
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