The Pension Fund Regulatory and Development Authority (PFRDA), through Circular No. PFRDA/2026/27/NPS-AGRI/02 dated 12 May 2026, extended the incentive framework for enrollments under NPS Sanchay to additional categories of grass-root Pension Agents operating through Points of Presence (PoPs). Earlier, under Circular dated 15 December 2025, PoPs were entitled to an incentive of Rs.100 per subscriber for enrollments facilitated through Farmer Producer Organizations (FPOs). The revised framework now extends the same incentive to enrollments facilitated through CSC Village Level Entrepreneurs (CSC-VLEs), Business Correspondents (BCs)/Pension Sakhis, and Primary Agricultural Credit Societies (PACS). The incentive is intended to strengthen last-mile pension distribution, encourage wider pension inclusion, and provide additional income support to grass-root pension agents. Eligibility requires receipt of the initial contribution and minimum annual contribution as prescribed by PFRDA. The incentive will remain applicable until 31 March 2027 unless modified or withdrawn earlier by the Authority.
Pension Fund Regulatory and Development Authority
Circular No. PFRDA/2026/27/NPS-AGRI/02 Date: 12th May 2026
To
All Points of Presence (PoPs) and other stakeholders under NPS
Subject: Extension of incentive framework to grass-root Pension Agents for enrollments facilitated under NPS Sanchay
The Pension Fund Regulatory and Development Authority (PFRDA), with the objective of expanding pension coverage and strengthening last-mile distribution, has been undertaking various initiatives to enhance outreach under the National Pension System (NPS).
2. In this regard, PFRDA had earlier issued Circular No. PFRDA/2025/23/NPS AGRI/01 dated 15th December 2025 regarding payment of incentive of ₹100 per subscriber to Points of Presence (PoPs) for NPS enrollments facilitated through Farmer Producer Organizations (FPOs), with a view to promoting pension inclusion in the Agriculture and Allied Sector.
3. In continuation of the aforesaid circular, and with a view to further strengthening pension penetration at the grass-root level, it has now been decided to extend the incentive framework of ₹100 per subscriber to PoPs for enrollments under the newly launched NPS Sanchay facilitated through the following categories of grass-root Pension Agents authorized to operate through such PoPs, in addition to Farmer Producer Organizations (FPOs):
- CSC Village Level Entrepreneurs (CSC-VLEs)
- Business Correspondents (BCs) / Pension Sakhis
- Primary Agricultural Credit Societies (PACS)
4. The objective of the said incentive is to provide additional income support to grass-root pension agents engaged in onboarding citizens under NPS Sanchay and to encourage active participation in expanding pension coverage.
5. Incentive Framework
| Type of Incentive | Eligibility Criteria | Conditions | Rate |
| Registration / Activation Incentive to PoPs for each NPS Sanchay enrollment facilitated through eligible grass-root Pension Agents | Enrollment of new individual subscribers facilitated through eligible grass-root Pension Agents operating through PoPs | (i) Receipt of initial contribution amount as prescribed by PFRDA from time to time.
(ii) Receipt of minimum annual contribution as prescribed by PFRDA from time to time, if applicable. |
₹100 per subscriber |
6. The above incentive shall be over and above the existing onboarding charges applicable to PoPs under NPS Sanchay.
7. The incentive framework shall be applicable only for enrollments facilitated through the above-mentioned categories of grass-root Pension Agents and shall remain in force till 31st March 2027, unless reviewed, modified or withdrawn earlier by the Authority.
8. This circular is being issued in exercise of the powers conferred under Section 14 of the Pension Fund Regulatory and Development Authority Act, 2013.
(Ashish Kumar)
Chief General Manager
