Pension Fund Regulatory and Development Authority (PFRDA) is a regulatory body under the aegis of the Union Finance Ministry. It is responsible for the overall supervision and regulation of pension in India. It currently regulates two pension schemes â€“ the National Pension System and Atal Pension Yojana (APY). While the former caters to the organized sector, the latter targets the unorganized workforce.
The PFRDA has recently commenced a campaign under â€œAzadi Ka Amrit Mahotsavâ€ celebrations to promote pension and retirement planning among Indian citizens. Through this campaign, the pension regulator will seek to increase subscription in pensions schemes.