The National Pension System Sanchay, launched on May 6, is designed to simplify pension investments for India's informal workforce, which constitutes nearly 90% of the labor market. Unlike traditional NPS plans that require subscribers to make complex investment choices, Sanchay features a default investment structure to ease participation for first-time investors. Any Indian citizen aged between 18 and 85 can open an account, making it more inclusive than many traditional retirement products. The scheme aligns with existing NPS contribution and withdrawal rules, ensuring consistency across pension products. Subscribers retain the flexibility to change pension funds and asset allocations, allowing for adjustments as needed. This initiative reflects a broader policy effort to enhance retirement savings among gig workers and self-employed individuals, who often lack access to formal pension schemes. By simplifying the investment process, the Pension Fund Regulatory and Development Authority (PFRDA) aims to create a more accessible entry point for those new to pension savings.