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

Dec 03, 2019 | by Avantis RegTech Legal Research Team

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The Ministry of Labour and Employment (MoLE) on December 02, 2019, considers coverage of about 50 lakh enrolments under the “National Pension Scheme for Traders and Self-Employed Persons”.

The National Pension Scheme for Traders and Self-Employed Persons Yojana (Pradhan Mantri Laghu Vyapari Maan-dhan Yojana) was launched on September 12, 2019. It is a voluntary and contribution based central pension scheme for shopkeeper’s or retail traders and self-employed persons. It includes the traders in the age group of 18-40 years with an annual turnover, not exceeding Rs.1.5 crore and who are not a member of EPFO or ESIC or NPS or PM-SYM or an income taxpayer.

All State and Union Territory (UT) Governments have been requested to bring more awareness about the Scheme.  The progress of the Scheme is being reviewed regularly in the Ministry at senior level with State and UT Governments.


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