National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons

  • 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
  • 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.

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