Traders, self-employed individuals can secure their future with National Pension Scheme (NPS): Know important pointers here

The small traders and self-employed individuals must secure their future with National Pension Scheme (NPS). The interested individuals can get more information on the same by logging in to maandhan.in.

Traders, self-employed individuals can secure their future with National Pension Scheme (NPS). Source: DGLW Twitter

National Pension Scheme: The small traders and self-employed individuals must secure their future with National Pension Scheme (NPS). The interested individuals can get more information on the same by logging in to maandhan.in.

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Recently, Directorate General Labour Welfare (DGLW) has tweeted from its official Twitter handle about the NPS scheme for traders and self-employed individuals. The tweet said, "The Government of India also thinks for the traders.. Under the National Pension Scheme (NPS Traders), self-employed will also get pension... For more information visit maandhan.in helpline number 14434."

व्यापारियों के लिए भी सोचती है भारत सरकार.. राष्ट्रीय पेंशन योजना (NPS Traders) के तहत स्वरोजगारियों को भी मिलेगी पेंशन... अधिक जानकारी के लिए https://t.co/WrW328nAtN पर जाएं हेल्पलाइन नंबर 14434.@byadavbjp pic.twitter.com/9kC68SC9qn

— DGLW (@DGLabourWelfare) December 7, 2021

About the scheme
The National Pension Scheme for Traders and Self-Employed Persons Yojana is a government scheme meant for old age protection and social security of small-scale traders and retailers. The eligibility of the scheme includes self-employed shop owners, retail owners and other vyaparis, the entry age will have to between between 18 to 40 years. It must also be noted that the annual turnover should not exceed Rs 1.5 crore.

Minimum pension received
It is a voluntary and contributory pension scheme under which the subscriber would receive a minimum assured pension of Rs 3000 per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50 per cent of the pension as family pension. Family pension is applicable only to spouse.

Application process
In order to apply for the scheme, an individual will have to follow some steps. They are as follows:

Step 1: Interested eligible person shall visit nearest CSC centre.

Step 2: Following are the prerequisites for the enrollment process: Aadhaar Card, Savings/Jan Dhan Bank Account details along with IFSC Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account )

Step 3: Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).

Step 4: The VLE will key-in the Aadhaar number, Name of subscriber and Date of birth as printed on aadhaar card for authentication.

Step 5: The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, GSTIN, Annual Turnover Income, Spouse (if any) and Nominee details.

Step 6: Self-certification for eligibility conditions will be done.

Step 7: System will auto calculate monthly contribution payable according to age of the Subscriber.

Step 8: Subscriber will pay the 1st subscription amount in cash to the VLE.

Step 9: Enrollment cum Auto Debit mandate form will be printed and will be further signed by the subscriber. VLE will scan the same and upload it into the system.

Step 10: A unique Vyapari Pension Account Number (VPAN) will be generated and Vyapari Card will be printed.

The documents required to apply for this scheme include Aadhaar card and savings bank account with IFSC.

In case of any query and further details and further queries, the interested individuals can login to the official website at maandhan.in.

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