EPFO Officer Selected for World Bank–Milken PFAM Program, Boosting Global Capacity Links
SDG 8: Decent Work and Economic Growth | SDG 16: Peace, Justice and Strong Institutions
Institutions: Ministry of Labour & Employment
On 15 September 2025, the Employees’ Provident Fund Organisation (EPFO) announced that Shri Vivekanand Gupta, Regional Provident Fund Commissioner, has been selected for the Public Financial Asset Management (PFAM) Program 2025–26, jointly organised by the World Bank and the Milken Institute. Gupta is the first-ever representative from EPFO and the sole Indian participant in the current cohort. The nomination was facilitated by EPFO’s training arm, the Pandit Deendayal Upadhyay National Academy of Social Security (PDUNASS).
Hosted at Bayes Business School, City, University of London, the PFAM Program is a high-level initiative that equips senior professionals with expertise in investment governance, asset management, and financial policy. The 2025–26 cohort includes participants from central banks, sovereign wealth funds, and pension funds across 13 countries. For EPFO, this engagement is expected to enhance global benchmarking, strengthen governance of its ₹25 lakh crore corpus, and align practices with international standards in retirement savings management.
The selection reflects India’s growing integration into global financial capacity-building platforms. For policymakers, this milestone underscores the importance of investing in institutional training, governance, and global partnerships to secure better outcomes for India’s social security and pension sector. It highlights how exposure to global best practices can directly inform domestic reforms in investment strategies and regulatory oversight.
Relevant Question for Policy Stakeholders:
How can India leverage global programs like PFAM to modernise EPFO’s governance, optimise asset management, and ensure stronger long-term security for workers’ savings?
Follow the full news here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2166873