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A 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.
A 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.
Minimum assured pension of ₹3,000 per month after attaining 60 years of age.
₹3,000 per month (Monthly)
Spouse receives 50% of pension (₹1,500/month) as family pension after death of subscriber.
₹1,500 per month (Monthly)
In case of permanent disability before superannuation, spouse can continue the scheme. If no spouse, total contribution with interest is returned.
Contribution + Interest (One-time)