Pradhan Mantri Karam Yogi Man Dhan Scheme for Retail Shop Owners by Modiji
Pradhan Mantri Karam Yogi Man Dhan Scheme Complete Details
On 5th July 2019, Finance Minister has announced in the budget about Pradhan Mantri Karam Yogi Man Dhan Scheme. Pradhan Mantri Karam Yogi Man Dhan Scheme is a pension scheme for retail shop owners of the country who are the backbone for trade development of India.
Who is eligible for Pradhan Mantri Karam Yogi Man Dhan Scheme?
In this pension scheme, all shop owners will be eligible who have annual turnover less than Rs. 1.5 Crore.
How to Apply?
Modi Govt. has set simple process to apply for Pradhan Mantri Karam Yogi Man Dhan Scheme. Any retail owner can get him/herself enrolled in the scheme by just submitting the Adhar card and Bank Account Details along with certain self declarations.
Who will benefit?
Around 3 crores retail traders and shop owners are expected to benefit from this pension scheme of Modi Govt.
The govt. has also announced Pradhan Mantri Shramyogi Man Dhan Yojana for workers in the organised and unorganised sectors who have a monthly income below ₹15,000, after 60 years of age. Pradhan Mantri Shramyogi Man Dhan Yojana will assure a monthly pension of Rs. 3000 after 60 years of age, with the contribution of Rs 100 per month.These workers will have to contribute only Re 1 per month from age 29 towards this scheme. The government will contribute the rest. The scheme will begin from this year.