National Pension Scheme for Traders and The Self-employed Persons (NPS)

[Indian]

National Pension Scheme for Traders and The Self-employed Persons (NPS)​

• Voluntary and contributory pension schemes
• Monthly contribution ranges from Rs.55 to Rs.200 depending upon the entry age of the beneficiary.
• Under this schemes, 50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government.

Eligibility​

• Should be an Indian Citizen
• Shopkeepers or owners who have petty or small shops, restaurants, hotels, real estate brokers etc.
• Age of 18-40 years
• Not covered in EPFO/ESIC/PM-SYM
• Annual turnover not more then 1.5 Crore in rupees

Benefits​

• Under the schemes, beneficiaries are entitled to receive monthly assured pension of Rs.3000/- after attaining the age of 60 years.