New Enroll in RBI Grade B New Batch - Starts on May 21

    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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