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

 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 minimum monthly assured pension of Rs.3000/- after attaining the age of 60 years.