Indian pension regulator plans to have 75,000 trained people for NPS | Current Affairs, Current Affairs 2018

Indian pension regulator plans to have 75,000 trained people for NPS

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pensionIndia’s pension funds regulator plans to train around 75,000 people in around 600 district headquarters on National Pension System (NPS) as per its Request for Proposal (RFP) available on its website.

According to the Pension Fund Regulatory and Development Authority (PFRDA), the RFP is to select institutes for training of employees of points of presence (PoP) and other intermediaries to create a committed work force driving the implementation of NPS.

According to the RFP, the selected bidder shall be required to carry out the training programmes at one centre or different centres across the country on parallel basis.

The scope of the project is to design appropriate training programme on the basis of the content/material provided by PFRDA and then undertake the training programme on a dedicated basis within the training infrastructure and venue(s) being provided by the agency/institute.

According to the RFP, the applicant should have minimum three years experience in field of training on financial products.

The organisation should have experience in training employees of Indian public and private sector banks on banking, functional, theoretical, technological, behavioral, capacity building and/or marketing/sales areas. The institution should have adequately trained faculty having exposure in financial products.

As to the applicant’s financial strength, PFRDA has stipulated that the organisations should have positive net worth in last three financial years 2012-13, 2013-14 and 2014-15.

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