Now Reading: Platform workers can start NPS with Rs 99 contribution
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Platform workers can start NPS with Rs 99 contribution
Livemint reports that PFRDA has introduced the NPS e-shramik model for platform workers, allowing contributions starting at Rs 99. The scheme, detailed in a circular dated 29 October 2025, lets gig workers…
The Story in Brief
Livemint reports that PFRDA has introduced the NPS e-shramik model for platform workers, allowing contributions starting at Rs 99. The scheme, detailed in a circular dated 29 October 2025, lets gig workers from companies such as Zomato, Swiggy, Ola and Uber build a retirement corpus through flexible contributions. Workers can contribute alone or jointly with the platform, and the account can be ported between aggregators. Onboarding requires KYC and generates a Permanent Retirement Account Number. Withdrawal follows the All Citizen Model rules.
The Indian Opinion
The NPS for platform workers is a welcome step, but the usual hype around 'pension for all' misses the real challenge: most gig workers live day-to-day and will find even Rs 99 a stretch. Expect platforms to push joint contributions only when it suits their tax or retention goals. The test is not the circular but how many workers actually get a PRAN. Watch the first quarter enrolment numbers from Zomato and Swiggy, they will tell us if this is real access or just a headline.
Source: livemint.com
This story was synthesised by AI from the source linked above.
