CIRCULAR
PFRDA/2025/23/NPS-AGRI/01 Date: 15th December, 2025
To
All PoPs under NPS
Subject: Incentive structure to PoPs for NPS enrollment facilitated through Farmer
Producer Organizations (FPOs).
The Agriculture and Allied Activities sector has long been the backbone of the Indian
economy, playing a vital role in national income and employment. This sector contributes
approximately 18% of the...
CIRCULAR PFRDA/2025/23/NPS-AGRI/01 Date: 15th December, 2025 To All PoPs under NPS
Subject: Incentive structure to PoPs for NPS enrollment facilitated through Farmer Producer Organizations (FPOs).
The Agriculture and Allied Activities sector has long been the backbone of the Indian economy, playing a vital role in national income and employment. This sector contributes approximately 18% of the country’s GDP for FY23- 24 and supports about 42% of the population. Lately, Farmer-Producer Organizations (FPOs) have emerged as key entities, enabling small and marginal farmers to pool resources, reduce costs, access markets, adopt technology, and secure affordable credit. FPOs are being integrated with digital platforms like e-NAM, ONDC and GeM to enhance market access.
Recently, in order to enhance pension distribution network and for providing last-mile connectivity, particularly in areas with limited awareness and access, PFRDA vide its
circular dated 23.09.2025 has allowed Farmers Producers Organizations (FPOs) (which are registered with Ministry of Corporate Affairs (MCA)) for their engagement as Pension Agent, for distribution of Pension Scheme. Currently, there are over 45,000 FPOs registered in India.
Incentive Framework to PoPs for NPS enrollment facilitated through Farmer Producer Organizations (FPOs).
To promote and encourage initial adoption, an incentive of ₹100 per subscriber is proposed to be paid to PoPs for each NPS enrollment facilitated through Farmer Producer Organizations (FPOs). This incentive, in addition to the existing PoP charge structure, is intended to compensate for higher outreach costs and motivate PoPs to actively engage with FPOs in expanding NPS coverage in Agriculture and allied sector, especially in rural areas. The Incentive Framework is as under:
Type of Eligibility Criteria Conditions Rate Incentive Registration/Act Enrolment of • Receipt of Initial Upto ₹100 ivation Incentive new individual contribution amount as per capita to PoPs, for each subscribers by the prescribed by PFRDA time NPS enrollment PoPs through to time.
facilitated FPOs as Pension • Receipt of minimum through FPOs. Agent annual contribution** as prescribed by PFRDA time to time. ई – 500, टावर – ई, पाचवाां तल, वर्ल्ड टरेड सेंटर, नौरोजी नगर, नई दिल्ली – 110 029 िूरभाष: 91 – 11 – 40717900, वेबसाइट: www.pfrda.org.in E – 500, Tower – E, Fifth Floor, World Trade Center, Nauroji Nagar, New Delhi – 110 029
Phone: 91 – 11 – 40717900, Website: www.pfrda.org.inThe incentive framework for PoPs is applicable for NPS enrollment facilitated through Farmer Producer Organizations (FPOs) till 31st March 2027 and this framework would be reviewed thereafter.
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