NPS Sanchay launched for informal workers simplifies pension rules for millions

Published on 6 May 2026

Eligible from 18 to 85 years without hassle

PFRDA has introduced NPS Sanchay, a simplified NPS option designed for India’s informal sector employees, who make up nearly 90% of the workforce without formal pension coverage. The scheme reduces complexity in investing and asset allocation, and is open to Indian citizens aged 18 to 85, with rules largely aligned to existing NPS structures.

NPS Sanchay targets informal workers lacking formal pension coverage
It simplifies investment and asset allocation compared with standard NPS
Eligibility covers Indian citizens aged 18 to 85
Rules are largely aligned with existing NPS scheme provisions

#nps #informal sector #pfrda #retirement planning #pension

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

NPS Sanchay launched for informal workers simplifies pension rules for millions

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