Pradhan Mantri Laghu Vyapari Mandhan Yojana has been announced by the Honorable Prime Minister Mr Narendra Modi on 31st June 2019. Any Shopkeepers and retail Trader who are registered under the GST and their annual turnover is up to 1.5 crore may apply for Pradhan Mantri Laghu Vyapari Mandhan Yojana . New Prime Minister Pension Scheme will cover more 3 crore beneficiary. The Enrollment process for Small Retail traders and shopkeeper will take place through 3.2 lakh CSC Centers. PMKYM Scheme For Traders will Provide Rs 3000 Pension to the beneficiaries after attaining the age of 60 years.
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Objective Pradhan Mantri Laghu Vyapari Mandhan Yojana
Central Government wants to empower the Citizen in old age and make them self dependent. To fill this target Modi Government has started Rs 3000 Monthly Pension Scheme for Traders. This is an equal pension premium Contribution Scheme. Central Government will make matching contribution in beneficiary account.
Modi Pension Scheme for Shopkeeper & Traders
Small Shopkeepers and Traders Pension Scheme is a pre election Promise of Modi Government. Now after winning the 17 Lok Sabha Election with Majority Modi 2.0 Government has announced Pradhan Mantri Laghu Vyapari Mandhan Yojana For Traders in the First Cabinet Meeting. The application form of Traders Pension Scheme will be accepted through online mode and it is necessary to link Aadhaar Card with Bank Account.
Highlights of PM Laghu Vyapari Mandhan Yojana
| Scheme Name | Pradhan Mantri Laghu Vyapari Mandhan Yojana |
| Launched by | PM Narendra Modi |
| Launched Date | 31st May 2019 |
| Start to enroll | Available Soon |
| Last date to enroll | Not yet Declared |
| Beneficiary | Small Traders and Shopkeepers |
| Benefits | Rs 3000 after 60 years age |
| Number of beneficiary | 3 crore |
| Mode of Application | Online |
| Apply Online Website | 3.2 Lakh CSC Center |
Document Required for Laghu Vyapari Mandhan Yojana
- GST Registration Number
- Aadhaar Card
- Bank Account Passbook
- Photograph
Premium Amount for Laghu Vyapari Mandhan Yojana
| Entry Age | Superannuation Age | Member’s monthly contribution (Rs) | Central Govt’s monthly contribution (Rs) | Total monthly contribution (Rs) |
| (1) | (2) | (3) | (4) | (5)= (3)+(4) |
| 18 | 60 | 55 | 55 | 110 |
| 19 | 60 | 58 | 58 | 116 |
| 20 | 60 | 61 | 61 | 122 |
| 21 | 60 | 64 | 64 | 128 |
| 22 | 60 | 68 | 68 | 136 |
| 23 | 60 | 72 | 72 | 144 |
| 24 | 60 | 76 | 76 | 152 |
| 25 | 60 | 80 | 80 | 160 |
| 26 | 60 | 85 | 85 | 170 |
| 27 | 60 | 90 | 90 | 180 |
| 28 | 60 | 95 | 95 | 190 |
| 29 | 60 | 100 | 100 | 200 |
| 30 | 60 | 105 | 105 | 210 |
| 31 | 60 | 110 | 110 | 220 |
| 32 | 60 | 120 | 120 | 240 |
| 33 | 60 | 130 | 130 | 260 |
| 34 | 60 | 140 | 140 | 280 |
| 35 | 60 | 150 | 150 | 300 |
| 36 | 60 | 160 | 160 | 320 |
| 37 | 60 | 170 | 170 | 340 |
| 38 | 60 | 180 | 180 | 360 |
| 39 | 60 | 190 | 190 | 380 |
| 40 | 60 | 200 | 200 | 400 |
Silent Features of Karam Yogi Man Dhan Yojana
- This is 50 percent government contribution Scheme.
- The nodal Agency for implementation of Scheme is LIC.
- Pension will be provided after the age of 60 years
- This Pension Amount will be transferred in direct bank account on monthly basis.
- Your Aadhaar Card must be linked with your Bank Account Number.
Required Age
- Minimum Age Limit is 18 years
- Maximum Age Limit is 40 years
How to Apply Online Laghu Vyapari Mandhan Yojana
The Enrollment form for Laghu Vyapari Mandhan Scheme will be invited through Common Service Center (Login). Any person who want to apply for Modi Small Shopkeeper Pension Scheme visit to the nearest CSC Center and submit their all form to the VLE Agent for doing your enrollment under the Scheme. The Complete updated process will be available here as soon as central government will release it.