Written by Talent KAS

Related Topics: Government Schemes & Interventions, Social Security

Why in News

Prime Minister has launched PM Laghu Vyapari Maan-dhan Yojana.

About the Scheme

  • National Pension Scheme for Traders and Self Employed Persons (PM Laghu Vyapari Maan-dhan Yojana) is a pension scheme for retailers and traders benefitting over three crore self-employed workers in the country.
  • It is a voluntary and contributory pension scheme for entry age of 18 to 40 years with a provision for minimum assured pension of Rs 3,000/- monthly on attaining the age of 60 years.
  • The scheme is an extension of the PM Shram Yogi Maan-dhan Yojana.
  • Government has earmarked Rs 750 crore for the scheme in the Union Budget 2019-20.


  • The Central Government shall give 50 % share of the monthly contribution and remaining 50% contribution shall be made by the beneficiary.
  • The monthly contribution is kept low to make it affordable. For example, a beneficiary is required to contribute as little as Rs.100/- per month at a median entry age of 29 years.

Who is Eligible?

  • The provisions of this scheme shall apply to the laghu vyaparis, who are self-employed and working as shop owners, retail traders, rice mill owners, oil mill owners, workshop owners, commission agents, brokers of real estate, owners of small hotels, restaurants and other laghu vyaparis
  • All shopkeepers and self-employed persons, as well as retail traders with GST turnover below Rs 1.5 crore and aged between 18-40 years, can enrol for the scheme.
  • The beneficiary should not be income tax payer.
  • The beneficiary should not be a member of EPFO/ESIC/NPS (Govt.) / PM-SYM.
[Source: The Hindu]

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