{"id":86414,"date":"2020-01-05T15:04:04","date_gmt":"2020-01-05T09:34:04","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12741"},"modified":"2020-01-05T15:04:04","modified_gmt":"2020-01-05T09:34:04","slug":"national-pension-scheme-for-traders-fails-to-gain-traction","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/national-pension-scheme-for-traders-fails-to-gain-traction\/","title":{"rendered":"National Pension Scheme for traders fails to gain traction"},"content":{"rendered":"\n<p><strong>News:<\/strong>The National Pension Scheme for traders also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana has failed to gain traction among the traders.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Government has set a target of 50 lakh enrolment by the end of March 2020.However,only 25,000 persons have applied so far.<\/li><li>Among all states Uttar Pradesh has the highest number of registrations.<\/li><li>No one has so far registered in the scheme in the states of Mizoram and Lakshadweep.<\/li><li>The experts have suggested that the entry age and the premium for the scheme should be raised to encourage more traders to join the scheme.<\/li><\/ul>\n\n\n\n<p><strong>About Pradhan Mantri Laghu Vyapari Maan-dhan Yojana:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The National Pension Scheme for Traders and Self Employed Persons Yojana(Pradhan Mantri Laghu Vyapari Maan-dhan Yojana) is a pension scheme for shopkeepers launched in July,2019.<\/li><li><strong>Objective:<\/strong>The scheme assures a minimum monthly pension of \u20b93000 per month to small shopkeepers, retail traders and self-employed people after attaining the age of 60 years.<\/li><li><strong>Contribution:<\/strong>They have to contribute to the scheme every month from the time of enrolment and till age 60 for getting the pension.The Government of India will also make a matching contribution in the subscribers\u2019 account.<\/li><li><strong>Implementation:<\/strong>The Life Insurance Corporation of India (LIC) is the pension fund manager for the scheme.<\/li><li><strong>Eligibility:<\/strong>The scheme is available to all small shopkeepers, self-employed persons and retail traders with Goods and Services tax (GST) turnover below Rs.1.5 crore. The age limit is 18-40 years.<\/li><li>However,the applicants should not be covered under the National Pension Scheme, Employees\u2019 State Insurance Scheme and the Employees\u2019 Provident Fund or be an Income Tax assessed.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The National Pension Scheme for traders also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana has failed to gain traction among the traders. Facts: The Government has set a target of 50 lakh enrolment by the end of March 2020.However,only 25,000 persons have applied so far. Among all states Uttar Pradesh has the highest number&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/national-pension-scheme-for-traders-fails-to-gain-traction\/\">Continue reading <span class=\"screen-reader-text\">National Pension Scheme for traders fails to gain traction<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3989],"class_list":["post-86414","post","type-post","status-publish","format-standard","hentry","category-economy","tag-pradhan-mantri-laghu-vyapari-maan-dhan-yojana","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704689000},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86414"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86414\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}