Pradhan Mantri Karam Yogi Maandhan Scheme (PMKYM) – National Pension Scheme for Traders & Self Employed Persons

The Government of India has introduced a new Pension Scheme for Retailers and Small Traders namely ‘Pradhan Mantri Karam Yogi Maandhan Scheme’ in Union Budget 2019. Features: Pension of Rs. 3000/- per Month (After 60 years of age) Voluntary and Contributory Pension. Govt. of India will pay same contribution Monthly contribution Rs. 55-200/- This scheme is managed by LIC-India ¬†Eligibility: This scheme is only for Retail Traders and Small Shopkeepers. Entry age between 18-40 years Applicant’s Annual Turnover should be below 1.5 Cr. Should not be the member of EPFO,…