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PFRDA Eyes Pension Cover for Farmers, SHGs, Gig Workers

9 October 20251 min read
BANKING & FINANCEPFRDA EyesPension Cover forFarmers, SHGs, GigWorkers9 October 2025safalsetu.com

Why in the news

PFRDA Chairman S. Ramann outlined plans at Global Fintech Fest 2025 to reach poorly covered workers.

Key facts

  • Gig workers on platforms such as Uber and Urban Company would get tailored schemes.
  • SHGs would be encouraged to save for the long term.
  • Fintech platforms would ease onboarding, with portability and interoperability inside NPS.
  • Past investment rules were conservative: equities, bonds, government securities.

Exam angle

  • Regulator: PFRDA; chairman S. Ramann.
  • Possible new asset class: commodities.

Test yourself

1. Who is the PFRDA Chairman who spoke about broadening pension coverage at Global Fintech Fest 2025?

PFRDA Chairman S. Ramann made the announcement.

2. PFRDA planned to reach farmers for pension cover through which type of bodies?

PFRDA aims to work with over 50,000 Farmer Producer Organisations.

3. Which new asset class is PFRDA considering allowing pension funds to invest in?

PFRDA is considering letting pension funds invest in gold and silver.

This topic is part of Daily Current Affairs 9 October 2025 (15 topics).

All topics of the dayDay quizOctober 2025

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