Time to Mainstream Micro-Pensions in India

Mukul Asher () and Savita Shankar ()

Working Papers from eSocialSciences

Abstract: The paper has argued that to expand coverage of micro-pensions, social entrepreneurship (along with social responsibility) will be needed by the financial sector, including the MFIs, insurance companies and mutual funds. Such entrepreneurship should aim to drastically reduce overall transaction costs, including fund management costs. The micro-pensions sector requires a regulator. While the PFRDA as an overall pension regulator is an appropriate agency for regulating micro-pensions, But it must closely co-ordinate with EEBI, IRDA, RBI, and NABARD.

Keywords: micro-pensions; micropensions; social entrepreneurship; financial sector; MFI; PFRDA; pension fund regulation; pension fund reforms; RBI; social security; social security reforms; Economics; Finance; Public Finance (search for similar items in EconPapers)
Date: 2007-05
Note: Working Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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