Pradham Mantri Laghu Vyapari Yojana

On 22 July, Ministry of Labour and Employment notified the Pradhan Mantri Laghu Vyapari Yojana, a pension scheme for retailers and traders. The scheme is an extension of the PM Shram Yogi Maan-dhan Yojana.

Features of the Scheme

  • It will make all beneficiaries eligible for a monthly pension of Rs 3000 after the age of 60 at a miniscule monthly contribution.
  • The provisions of this scheme shall apply to the laghu vyaparis, who are self-employed and working as shop owners, retail traders, rice mill owners, oil mill owners, workshop owners, commission agents, brokers of real estate, owners of small hotels, ....
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