SDG 1: No Poverty | SDG 8: Decent Work & Economic Growth
Institutions: Ministry of Road Transport & Highways | Government of Goa
The Pension Fund Regulatory and Development Authority (PFRDA) has partnered with GoaMiles and HDFC Pension Fund to launch the National Pension System (NPS) for Goa’s driver community. Announced in Panjim on 30 September 2025, the initiative aims to extend pension coverage to nearly 5,000 taxi drivers operating under GoaMiles. At the launch, 50 drivers were handed Permanent Retirement Account Numbers (PRANs), symbolising the scheme’s rollout. GoaMiles has committed to contributing to each driver’s NPS account.
This pilot embodies the “Every Profession, One Pension” vision by extending formal social security to informal workers. For India, where over 90% of the workforce is informal, such models, blending regulator, private sector, and state support, could inform broader pension expansion under Viksit Bharat 2047.
What is NPS? → The National Pension System is a government-backed, contributory retirement savings scheme regulated by PFRDA. Open to all Indian citizens, it allows regular contributions during working years, builds a retirement corpus, and provides pension income post-retirement.
What is GoaMiles? → GoaMiles is a state-supported ride-hailing app introduced by the Government of Goa through the Goa Tourism Development Corporation (GTDC). It connects passengers with licensed taxi operators via a digital platform, offering metered fares and app-based booking. GoaMiles was launched to formalise the state’s taxi sector, provide transparency in pricing, and improve service quality for both residents and tourists.
Relevant Question for Policy Stakeholders: Can the Goa pilot be scaled nationwide to bring gig workers, drivers, and other informal professions into structured pension coverage under NPS?
Follow the full news here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2174407