The Pension Fund Regulatory and Development Authority (PFRDA) has introduced NPS Sanchay, a simplified version of the National Pension Scheme (NPS) tailored for India's informal sector workers, who constitute nearly 90% of the workforce. This initiative aims to address the lack of formal retirement coverage and make retirement savings more accessible. The scheme allows any Indian citizen aged 18 to 85 to open an account, with applications submitted through designated service providers or online platforms. NPS Sanchay is designed to reduce complexities in investment selection and asset allocation, catering to individuals with limited financial advisory access. The investment pattern will follow existing guidelines applicable to government-linked NPS schemes. Withdrawal and exit rules will remain consistent with current NPS regulations, ensuring a familiar framework for subscribers. By simplifying the pension enrolment process, NPS Sanchay seeks to encourage retirement savings among gig workers, daily-wage earners, and self-employed individuals, who often face challenges in formal retirement planning due to irregular income and limited financial awareness.