National Pension Scheme for Traders and Self Employed Persons

Published on September 13, 2019
Current context: Prime Minister Modi has launched the National Pension Scheme for Traders and Self Employed Persons on 12th September from Ranchi, Jharkhand.
National Pension Scheme for Traders and Self Employed Persons
  • The nation-wide launch is for the Vyaparis (shopkeepers/retail traders and self-employed persons) with an annual turnover limit of Rs 1.5 crore.
  • NPSTSEP is a voluntary and contributory pension scheme, with the provision for minimum assured pension of Rs 3,000/- monthly once the subscriber attains the age of 60 years.
  • The beneficiary should be within the age group of 18 to 40 years.
  • The beneficiary should not be income taxpayer and also not a member of EPFO/ PM-SYM/ESIC/NPS (Govt.).
  • The beneficiary has to contribute a 50% share of the monthly contribution and the remaining 50% contribution shall be made by the central government.
  • The enrolment under the scheme is free of cost and facilitated through 3.50 lakh Common Service Centre (CSCs) across the country.
  • The self-roll facility is also applicable through the portal www.maandhan.in/vyapari.
  • Only an Aadhaar card and a saving bank/ Jan-Dhan Account passbook are required at the time of enrolment.
  • GSTIN is required only for subscribers with a turnover above Rs. 40 lakhs.

Question: 

Q.1 The National Pension Scheme for Traders and Self Employed Persons is applicable to the age group?
a. 18 to 35 years
b. 18 to 40 years
c. 18 to 50 years
d. 18 to 60 years

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