National Pension Scheme for Traders and Self-Employed Persons

This scheme helps individual to secure their future whose annual turnover is Rs 1.5 crore or less.  It is meant for old age protection and social security of retail traders/ shopkeepers and self-employed persons whose annual turnover is not exceeding Rs. 1.5 crore.  

It is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs 3000 per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50 per cent of the pension as family pension. The family pension is applicable only to spouse.

The eligibility criteria is

  • The individual should be a retail trader/ shopkeeper or self-employed persons
  • The entry age of the person will have to between 18 and 40 years
  • The annual turnover of the traders or self-employed persons will have to be Rs. 1.5 crore or below
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