Originally proposed name was, Pradhan Mantri Laghu Vyapari Maan-Dhan Scheme
launched on 12.09.2019.
It is a voluntary and contributory pension scheme.
Enrolment to the Scheme is done through the Common Service Centres, with its network of 3.50 lakh Centres across the country.
In addition, eligible persons can also self-enrol through visiting the portal www.maandhan.in.
The traders in the age group of 18-40 years with annual turnover, not exceeding Rs.1.5 crore and who is not a member of EPFO/ESIC/NPS/PM-SYM or an income taxpayer, can join the scheme.
Under the scheme, 50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government. Subscribers, after attaining the age of 60 years, are eligible for a monthly minimum assured pension of Rs.3,000/-.
It envisages coverage of about 50 lakh enrolments under the Scheme for 2019-20.
In order to achieve this, various measures including the celebration of Pension Week/ Pension Saptah have been taken.
All State/UT Governments were requested for popularizing and bringing more awareness about the Scheme.
The progress of the Scheme is being reviewed regularly in the Ministry at a senior level with State/UT Governments, for taking initiatives under Mission Mode.