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ActiveCentral Sector SchemeLaunched 2019-07-22Verified: 2026-09-16

National Pension Scheme for Traders and Self-Employed Persons (NPS-Traders / PM-KMY-Traders)

Pension scheme guaranteeing ₹3,000 monthly pension from age 60 for small shopkeepers, retail traders, and self-employed persons with turnover under ₹1.5 crore.

Government Levelcentral Government
Administering BodyMinistry of Labour and Employment
Beneficiary Sector
Social Welfare & SecurityBusiness & Entrepreneurship
Applicable Jurisdiction
All India

₹Benefits & Entitlement Breakdown

Guaranteed minimum monthly pension of ₹3,000 after attaining 60 years of age. 50:50 equal contribution: subscriber pays a monthly contribution between ₹55 and ₹200 (based on entry age 18–40), and the Central Government contributes an equal matching share. Managed through Life Insurance Corporation of India (LIC). Upon subscriber death after 60, spouse receives 50% family pension (₹1,500/month).

📊Budget Allocation & Beneficiary Reach

Fiscal Budget Allocation

Central matching contribution funded by Ministry of Labour & Employment

Official Budget Document ↗
Verified Beneficiary Reach

85,000+ small shopkeepers and traders enrolled

As of: 2024-03-31PIB / Official Citation ↗

Verified Eligibility Criteria

Age Requirement:18 to 40 years
Annual Family Income Ceiling:No gross income ceiling specified
Target Occupations:trader, shopkeeper, retailer, self_employed, small_business_owner
Eligible Gender:all
Social Category / Reservation:all
Specific Operational Conditions & Exclusions:

Shopkeepers, retail traders, commission agents, real estate brokers, restaurant owners, small hotel owners, and other self-employed persons. Annual turnover in business must not exceed ₹1.5 Crore in the preceding financial year. Age at entry between 18 and 40 years. Must not be an income tax payer and must not be a member of EPFO/ESIC/NPS/PM-SYM.

Required Documents Checklist

  • ✓
    Aadhaar CardMandatory

    Mandatory applicant identification proof.

  • ✓
    Savings Bank Account Passbook with IFSCMandatory

    For auto-debit of monthly pension contributions.

  • ✓
    GSTIN / Business Registration or Self-Declaration of Turnover < ₹1.5 CrMandatory

    Proof of commercial activity within eligible turnover ceiling.

How to Apply

1. Approach any Common Service Centre (CSC) with Aadhaar card and bank account passbook or apply online via https://maandhan.in. 2. Select scheme "NPS-Traders (Vyapari)". 3. Enter Aadhaar number, business name, and GSTIN (GSTIN mandatory only if turnover is above threshold; self-declaration for exempt traders). 4. Authorize auto-debit of monthly contribution from bank savings account. 5. Pay initial contribution; the system prints the Vyapari Pension Card.

Official Government Application Portal

You will be redirected to the secure official portal: maandhan.in

Apply on official government website

Frequently Asked Questions (Officially Sourced)

Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.

Is GSTIN compulsory to enroll in NPS-Traders?

GSTIN is mandatory only for businesses with annual turnover exceeding the GST registration threshold. Small traders who are legally exempt from GST can enroll based on self-certification of turnover.

Source: Official Scheme FAQ ↗

What is the maximum turnover limit under NPS-Traders?

The annual turnover of the business must not exceed ₹1.5 Crore in the preceding financial year.

Source: Official Scheme FAQ ↗

Who manages the pension fund for NPS-Traders?

The pension fund is managed by the Life Insurance Corporation of India (LIC), which ensures guaranteed pension payouts upon attaining age 60.

Source: Official Scheme FAQ ↗

Common Rejection Reasons & Warnings

Annual business turnover exceeding ₹1.5 Crore; age below 18 or above 40 years; subscriber already enrolled in EPFO, ESIC, NPS, or PM-SYM; income tax payer.

Editorial Verification & Change Log

DateFieldDescription / UpdateSource Citation
2026-09-16initial_verificationBaseline verification of NPS-Traders guidelines, turnover ceiling of ₹1.5 Cr, and matching pension structure.Official Source ↗

Application Window & Deadlines

Open throughout the year (Continuous enrollment)

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Official Helpline & Nodal Offices

Vyapari Welfare Cell, Ministry of Labour and Employment

Shram Shakti Bhawan, Rafi Marg, New Delhi - 110001

Helpline: 14434 / 1800-267-6888 (Toll-Free Maandhan Helpdesk)

Jurisdiction: National (All-India)

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Verification Metadata

Last verified by Eligo researchers on 2026-09-16 against official government documentation.

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