A voluntary and contributory pension scheme by the Ministry of Labour and Employment. This scheme is meant for old age protection and social security of Small Scale Traders and Ret...
Department: · Level: central
> **Benefits to the family on the death of an eligible beneficiary:** 1. During the receipt of a pension, if an eligible beneficiary dies, his spouse shall be only entitled to receive fifty percent of the pension received by such eligible beneficiary, as a family pension, and such family pension shall be applicable only to the spouse. > **Benefits on disablement:** 1. If an eligible beneficiary has given regular contributions and become permanently disabled due to any cause before attaining his age of 60 years, and is unable to continue to contribute under this Scheme, his spouse shall be entitled to continue with the Scheme subsequently by payment of regular contribution as applicable or exit the Scheme by receiving the share of contribution deposited by the such beneficiary, with interest as actually earned thereon by the Pension Fund or the interest at the savings bank interest rate thereon, whichever is higher. > **Benefits on Leaving the Pension Scheme:** 1. In case an eligible beneficiary exits this Scheme within a period of less than ten years from the date of joining the Scheme by him, then the share of contribution by him only will be returned to him with savin...
1. The applicant can be a self-employed shop owner or a retail owner or a vyapari. 1. The age of the applicant should be between 18 to 40 years 1. The annual turnover of the business should not exceed ₹ 1,50,00,000.
**Online - via CSC** **Step 1:** The interested eligible person shall visit the nearest CSC center. **Step 2:** Following are the prerequisites for the enrollment process: Aadhaar Card; Savings/Jan Dhan Bank Account details along with IFSC Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account ) **Step 3:** An initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE). **Step 4:** The VLE will key in the Aadhaar number, Name of the beneficiary, and Date of birth as printed on the Aadhaar card for authentication. **Step 5:** The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, GSTIN, Annual Turnover Income, Spouse (if any), and Nominee details. **Step 6:** Self-certification for eligibility conditions will be done. **Step 7:** The system will auto calculate the monthly contribution payable according to the age of the Beneficiary. **Step 8:**The beneficiary will pay the 1st subscription amount in cash to the VLE. **Step 9:** Enrollment cum Auto Debit mandate form will be printed and will be further signed by the beneficiary. VLE will scan...