The Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday signed a Memorandum of Understanding (MoU) to create and support a community-based outreach mechanism of ‘Pension Sakhis’ across rural India.
The initiative will use the women-led SHG network to improve pension coverage, especially among households with limited access to formal financial advice and retirement planning, as per the central government. Under the partnership, Pension Sakhis will work as trusted community-level facilitators, reaching SHG members, rural women, Lakhpati Didis and other rural participants. They will provide information on pensions and retirement planning, help with enrolment and assist people in understanding pension-related services.
