PFRDA Celebrated NPS Diwas 2025 to Strengthen Retirement Security in India

Current Context: On 1 October 2025, the Pension Fund Regulatory and Development Authority (PFRDA) celebrated National Pension System (NPS) Diwas 2025 in New Delhi.

• The theme was “Inclusive Pensions, Innovative Solutions: Strengthening Retirement Security in India.”
• Union Finance Minister Nirmala Sitharaman launched the Multiple Schemes Framework (MSF) and the Pension Sakhi initiative to empower women as pension ambassadors.
• PFRDA also signed MoUs with Zomato (for gig workers) and National Bank for Agriculture and Rural Development (NABARD) (for farmers via FPOs).
• Currently, NPS has over 9 crore subscribers with ₹15.5 lakh crore Assets Under Management (AUM).
• The initiative aims to make NPS a “Jan Andolan” (people’s movement) for retirement security in India.

Question:

Q.1 Which initiative was launched by Union Finance Minister Nirmala Sitharaman to empower women as pension ambassadors?
a) Pension Sathi
b) Pension Sakhi
c) Women Pension Scheme
d) NPS Jan Andolan

Answer: b) Pension Sakhi is designed to train and empower women to act as pension ambassadors, increasing NPS outreach in communities.