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Key Points

PFRDA has launched a special National Pension System initiative for Goa's driver community in partnership with GoaMiles and HDFC Pension Fund. The scheme will provide nearly 5,000 drivers operating on the GoaMiles platform with structured retirement planning options. GoaMiles has committed to contributing to each driver's NPS account, ensuring long-term financial security for the state's mobility partners. The initiative was launched at a special event in Panjim attended by Goa's Transport Minister Mauvin Godinho and PFRDA Chairman S Ramann.

Key Points: PFRDA Launches National Pension System for GoaMiles Drivers

  • PFRDA launches NPS scheme covering 5,000 GoaMiles driver partners
  • GoaMiles will contribute to NPS accounts of all mobility partners
  • Initiative supports Viksit Bharat 2047 vision for inclusive growth
  • 50 PRANs distributed at launch event symbolizing scheme rollout
  • HDFC Pension Fund provides flexible retirement planning solutions
  • Scheme aims to secure financial dignity for informal workforce
3 min read

PFRDA jointly launches National Pension System for Goa's driver community with GoaMiles, HDFC pension fund

PFRDA partners with GoaMiles and HDFC Pension Fund to provide retirement security for 5,000 Goa drivers through National Pension System scheme

"Let's grow rich before we grow old. The power of compounding is real - S Ramann, PFRDA Chairman"

New Delhi, October 3

In a special initiative aimed at strengthening social security for the informal workforce, PFRDA jointly launched National Pension System (NPS) for Goa's driver community with GoaMiles and HDFC Pension Fund (PoP), in the presence of the Transport Minister of Goa, Mauvin Godinho, said the Union Ministry of Finance.

The initiative was launched at a special event held at Panjim on 30th September 2025.

The initiative will provide nearly 5,000 drivers operating on the GoaMiles platform with access to structured retirement planning. At the event, 50 Permanent Retirement Account Numbers (PRANs) were distributed to drivers, symbolising the rollout of the scheme. GoaMiles will contribute to each of the NPS accounts of the mobility partners.

Launching the initiative, the Transport Minister of Goa, Mauvin Godinho, expressed his appreciation to PFRDA and Goa Miles for their efforts towards ensuring the financial security of Goa's driver community.

He stated that the drivers of Goa are not just service providers--they are the brand ambassadors of our state, representing Goa's hospitality, culture, and values to every visitor. "Goa, though India's smallest state, has consistently led by example, and this initiative is yet another testament to our commitment to inclusive growth. It aligns perfectly with the vision of Viksit Bharat 2047, and I am confident that Goa will continue to be at the forefront of progressive and people-centric reforms."

Speaking at the pilot launch, S Ramann, Chairman of the Pension Fund Regulatory and Development Authority (PFRDA), underscored the vital importance of starting early and maintaining financial discipline for a secure retirement.

Raman said, "Let's grow rich before we grow old. The power of compounding is real--and when tapped into early, even modest savings can grow into a substantial and dignified retirement corpus. NPS is built on this very principle: to provide every Indian with a structured, long-term, and inclusive savings solution."

Ram Iyer CEO , HDFC PFM in his address stated that they were pleased to partner with Goa Miles to secure the future for their 'Kaptaans'. "Retirement planning is essential for all individuals. Having access to financial instruments that are flexible and customer-friendly, is equally important. We believe this is an opportunity for us to give back to society by ensuring more Indians are financially secure in their old age."

Utkarsh Dabhade, CEO, GoaMiles, welcomed the gathering and highlighted that GoaMiles has always sought to empower drivers with sustainable opportunities. He said that extending NPS ensures drivers' long-term financial dignity while enhancing their role as ambassadors of Goa's hospitality. Also, Goa Miles will contribute under the NPS account of all the 5000 mobility partners or "Kaptaans".

The event concluded with a Vote of Thanks by Sumit Kumar, Chief General Manager, PFRDA, who acknowledged the support of the Government of Goa, GoaMiles, HDFC Pension Fund, and the driver community for making the initiative possible.

- ANI

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Reader Comments

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Priya S
As someone who frequently visits Goa, I've always admired how professional their drivers are. They truly are brand ambassadors. Happy to see them getting this pension benefit. More power to our Kaptaans! 🚗💙
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Sarah B
While this is a positive step, I hope the implementation is smooth and transparent. Many such schemes fail to reach the intended beneficiaries properly. Regular audits and driver feedback mechanisms should be mandatory.
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Arjun K
"Let's grow rich before we grow old" - what a powerful message from PFRDA Chairman! This should be taught in schools across India. Financial literacy is the need of the hour.
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Vikram M
Great initiative but what about drivers in other states? Why only Goa? The informal workforce across India needs similar social security measures. Hope this becomes a nationwide program soon.
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Michael C
The fact that GoaMiles is contributing to the NPS accounts makes this truly meaningful. Corporate responsibility in action! This sets a great example for other companies in the gig economy.
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Kavya N
My father was a taxi driver and I know how uncertain retirement can be for them. This initiative brings tears to my eyes. Every driver deserves this dignity. Jai Hind! 🇮🇳

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