National Pension Scheme for Traders and Self Employed Persons is a government scheme meant for old age protection and social security of Shopkeeper’s, Retail traders and Self Employed persons.
National Pension Scheme for Traders and Self Employed Persons Yojana is a government scheme meant for old age protection and social security of Small Scale Traders and Retailers.
Vyaparis, who are self-employed and are 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 Vyaparis with similar occupations whose annual turnover does not exceed Rs 1.5 crore are eligible to get benefit under the scheme.
It is a voluntary and contributory pension scheme under which the subscriber would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.
Eligibility Criteria
Should not be
He/ She should possess
During the receipt of pension, if an eligible subscriber dies, his spouse shall be only entitled to receive fifty per cent of the pension received by such eligible subscriber, as family pension and such family pension shall be applicable only to the spouse.
If an eligible subscriber has given regular contributions and become permanently disabled due to any cause before attaining his age of 60 years, and is unable to continue to contribute under this Scheme, his spouse shall be entitled to continue with the Scheme subsequently by payment of regular contribution as applicable or exit the Scheme by receiving the share of contribution deposited by such subscriber, with interest as actually earned thereon by the Pension Fund or the interest at the savings bank interest rate thereon, whichever is higher.
| Entry Age (Yrs)
(A) |
Superannuation Age
(B) |
Member’s monthly contribution (Rs)
(C) |
Central Govt’s monthly contribution (Rs)
(D) |
Total monthly contribution (Rs)
(Total = C + D) |
|---|---|---|---|---|
| 18 | 60 | 55.00 | 55.00 | 110.00 |
| 19 | 60 | 58.00 | 58.00 | 116.00 |
| 20 | 60 | 61.00 | 61.00 | 122.00 |
| 21 | 60 | 64.00 | 64.00 | 128.00 |
| 22 | 60 | 68.00 | 68.00 | 136.00 |
| 23 | 60 | 72.00 | 72.00 | 144.00 |
| 24 | 60 | 76.00 | 76.00 | 152.00 |
| 25 | 60 | 80.00 | 80.00 | 160.00 |
| 26 | 60 | 85.00 | 85.00 | 170.00 |
| 27 | 60 | 90.00 | 90.00 | 180.00 |
| 28 | 60 | 95.00 | 95.00 | 190.00 |
| 29 | 60 | 100.00 | 100.00 | 200.00 |
| 30 | 60 | 105.00 | 105.00 | 210.00 |
| 31 | 60 | 110.00 | 110.00 | 220.00 |
| 32 | 60 | 120.00 | 120.00 | 240.00 |
| 33 | 60 | 130.00 | 130.00 | 260.00 |
| 34 | 60 | 140.00 | 140.00 | 280.00 |
| 35 | 60 | 150.00 | 150.00 | 300.00 |
| 36 | 60 | 160.00 | 160.00 | 320.00 |
| 37 | 60 | 170.00 | 170.00 | 340.00 |
| 38 | 60 | 180.00 | 180.00 | 360.00 |
| 39 | 60 | 190.00 | 190.00 | 380.00 |
| 40 | 60 | 200.00 | 200.00 | 400.00 |
Interested eligible person shall visit nearest CSC centre.
Following are the prerequisites for the enrollment process:
Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).
The VLE will key-in the Aadhaar number, Name of subscriber and Date of birth as printed on aadhaar card for authentication.
The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, GSTIN, Annual Turnover Income, Spouse (if any) and Nominee details.
Self-certification for eligibility conditions will be done.
System will auto calculate monthly contribution payable according to age of the Subscriber.
Subscriber will pay the 1st subscription amount in cash to the VLE.
Enrollment cum Auto Debit mandate form will be printed and will be further signed by the subscriber. VLE will scan the same and upload it into the system.
A unique Vyapari Pension Account Number (VPAN) will be generated and Vyapari Card will be printed.
