Request for Empanelment of Training Agency by Pension Fund Regulatory and Development Authority (PFRDA)

The Central Government had introduced National Pension System (NPS) mandatorily for its new recruit’s w.e.f. 01st January 2004 and subsequently the State Governments (except West Bengal) had adopted NPS for its employees.

NPS is based on a unique individual pension account viz. Permanent Retirement Account Number (PRAN) created for individual subscribers. In this system, a subscriber periodically accrete savings into his/her Individual Pension Account (either solely or jointly with employer) while he/she is working and utilises the accumulated corpus at retirement to procure a pension for the rest of his/her life.

NPS is also offered on a voluntary basis to all citizens of India under the Unorganized Sector (UoS) Model, Corporate Model and NRI/OCI Model. For catering to the weaker and economically disadvantaged sections of the society with their limited investment potential, PFRDA had launched NPS-Lite with Swavalamban benefit extended by Government of India and in June 2016. Government of India had given mandate to PFRDA to administer the “Atal Pension Yojana (APY)” through Banks, Dept. of Post and Regional Rural Banks.

Pension Fund Regulatory and Development Authority (PFRDA) was initially established as an interim regulator for NPS vide Government of India notification dated 10th October 2003 and subsequently with the passage of the PFRDA Act 2013 and its notification on 1st February 2014, PFRDA has been established as the statutory Authority to promote old age income security by
establishing, developing and regulating pension funds, to protect the interest of the subscribers to the schemes of pensions funds and for matters connected therewith or incidental thereto. PFRDA has been entrusted with the responsibility to regulate, promote and ensure orderly growth of the NPS and pension schemes to which PFRDA Act applies and to protect the interests of subscribers of such system and schemes.

PFRDA intends to invite proposals from professional Training Institutes/ Organisation to execute the NPS/APY training requirements of stakeholders in consultation with PFRDA and interested Training Institutes/ Organisation are invited to submit their proposals in the form of a Proposal for empanelment as Training Agency by PFRDA.

Proposals received in response to this RFE will be evaluated in terms of the conditions laid out herein and the Training Agencies which are thus selected will be required to provide professional, objective, and impartial service at all times, hold the PFRDA interests paramount, without any consideration for future work, and strictly avoid conflicts with other assignments or their own corporate interests.


Last Date: 01-10-2020

Address for Submission:

General Manager (Training),
Pension Fund Regulatory and Development Authority (PFRDA),
B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai,
New Delhi- 110016