central government scheme
Pradhan Mantri Laghu Vyapari Maan-dhan Yojana
Common abbreviation: PM-LVMYA voluntary pension scheme for shopkeepers, retail traders, and self-employed persons with GST turnover below ₹1.5 crore. Provides a guaranteed monthly pension of ₹3,000 after attaining 60 years of age. The government matches the subscriber's contribution on a 1:1 basis. Administered by LIC of India.
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