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Pension scheme for shopkeepers

This topic provides information about Pension scheme for shopkeepers and traders.

The Government has approved a pension scheme for shopkeeper’s/ retail traders and self-employed persons for providing monthly minimum assured pension of Rs 3000/- for the entry age group of 18-40 years. It is a voluntary and contribution based central sector scheme. The scheme would benefit more than 3 crore small shopkeepers and traders.

The Government of India will make matching contribution in the subscribers’ account. For example if a person with age of 29 years contributes Rs. 100/- month, then the Central Government also contributes the equal amount as subsidy into subscriber’s pension account every month.


The eligibility for the scheme are.

  • All shopkeepers/retail-traders/ self-employed persons in the age group of 18-40 years are eligible to be the member, on self-declaration.
  • A shop keeper/ retail-trader /self-employed person if registered with GSTN, his/ her firm’s annual turnover should not exceed Rs 1.5 crore.
  • He/she should not be an income tax payee.
  • He/she should not be a member of EPFO/ESIC/NPS/PM-SYM

How to enrol

  • Eligible and Interested persons can enrol themselves through more than 3,25,000 Common Service Centres spread across the country.
  • The scheme is based on self-declaration as no documents are required except Aadhaar and bank account.
Source : PIB
DR Balu jangaon Jul 13, 2019 09:39 PM

useful information

ADVOCATE VINOD MEENA Jul 05, 2019 09:18 PM


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