PFRDA to train 5 lakh people via e-learning to promote NPS

By: |
New Delhi | Published: October 29, 2017 12:54:44 PM

Pension regulator PFRDA has said it plans to introduce e-learning programme for training nearly 5 lakh officers and other stakeholders to increase the reach of the government's flagship National Pension System.

pension, national pension scheme, NPS, pfrda, e learning, e training, pension training, pension scheme, pension officers, pension rules, social security schemesIn all, the Pension Fund Regulatory and Development Authority (PFRDA) aims to impart training to as many as 497,185 officers and stakeholders. (IE)

Pension regulator PFRDA has said it plans to introduce e-learning programme for training nearly 5 lakh officers and other stakeholders to increase the reach of the government’s flagship National Pension System. The initiative for capacity building of intermediaries engaged with social security schemes like NPS and Atal Pension Yojana (APY) through e-learning is crucial because the scope for physical presence for training is “very limited”, it said. “…hence it is imperative to leverage technology in such a way that learning and knowledge exchange becomes a normal engagement without external interventions,” PFRDA said. “This is the objective behind exploring the option of e- learning through a dedicated Learning Management System (LMS),” it said while inviting expression of interest for installation, commissioning and maintenance of LMS for imparting the training. As per the document, successful bidder will be expected to provide timely and effective online trainings on NPS or any other scheme under NPS/APY to employees of Points of Presence (POPs), corporates, nodal officers of central and state governments.

In all, the Pension Fund Regulatory and Development Authority (PFRDA) aims to impart training to as many as 497,185 officers and stakeholders. The proposed LMS solution would be implemented based on managed cloud based hosting model over a dedicated instance, the document said. NPS earlier known as New Pension Scheme (NPS) was launched in January, 2004 and in the initial phase covered the new entrants to the central government services (excluding Armed Forces) as well as state government and central autonomous bodies. NPS was extended to all citizens of India in May, 2009.

There were 1.1 crore subscribers of NPS with asset under management totalling about Rs 2 lakh crore at September end, as per the website of NPS Trust. Last week, the PFRDA had increased fees under NPS for POPs with an aim to increase coverage of the social security scheme.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Buying Life Insurance: From sales to eKYC to policy issuance, insurers taking these steps in COVID-19 times
2Are Indians spending less during Covid-19 lockdown? Here’s what SBI Research reveals
3How National Pension Scheme fared in past 11 years