The Pension Fund Regulatory and Development Authority (PFRDA) has launched the National Pension System (NPS) for Goa’s driver community in collaboration with GoaMiles and HDFC Pension Fund. This unique initiative aims to provide pension coverage to nearly 5,000 drivers on the GoaMiles platform, marking the first scheme of its kind in India.
The program provides structured retirement planning, with GoaMiles contributing to each driver’s NPS account. At the launch event, 50 drivers received their permanent retirement account numbers (PRANs), officially marking the rollout of the scheme.
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Transport Minister Mauvin Godinho highlighted the role of drivers as ambassadors of Goa’s hospitality and culture, calling the initiative a step towards inclusive growth in line with the vision of Viksit Bharat 2047.
PFRDA Chairman S Ramann stressed the importance of early savings and financial discipline for a secure retirement, highlighting the benefits of compounding. HDFC Pension Fund CEO Ram Iyer expressed his pleasure in partnering with GoaMiles to safeguard drivers’ futures, while GoaMiles CEO Utkarsh Dabhade reaffirmed the company’s commitment to enhancing drivers’ financial security.
