Question

Which of the following statement is/are correct about “ National Pension Scheme For Traders And Self Employed Persons (Pradhan Mantri Laghu Vyapari Maan-Dhan Yojana)”?

I.         Pradhan Mantri Laghu Vyapari Maan-dhan Scheme has been launched on 12.09.2019.

II.         It is a Mandatory and contributory pension scheme.

III.         The traders in the age group of 18-40 years with an annual turnover, not exceeding Rs.1.5 crore are eligible.

A I only Correct Answer Incorrect Answer
B I and III only Correct Answer Incorrect Answer
C II and III only Correct Answer Incorrect Answer
D All of the above Correct Answer Incorrect Answer

Solution

Explanation: National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons (originally proposed name was, Pradhan Mantri Laghu Vyapari Maan-dhan Scheme) has been launched on 12.09.2019. It is a voluntary and contributory pension scheme. The traders in the age group of 18-40 years with an annual turnover, not exceeding Rs.1.5 crore and who are not a member of EPFO/ESIC/NPS/PM-SYM or an income tax payers, can join the scheme.

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