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.
