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Labour Ministry Urges Traders to Enroll in NPS for Rs 3,000 Monthly Pension
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Moneycontrol•28-09-2026, 13:56
Labour Ministry Urges Traders to Enroll in NPS for Rs 3,000 Monthly Pension
- •The Ministry of Labour and Employment is urging registered traders and establishments to enroll in the National Pension Scheme (NPS) for old-age protection.
- •The NPS for Traders provides an assured pension of Rs 3,000 per month upon attaining 60 years of age, ensuring dignity and security.
- •Launched in September 2019, NPS-Traders is for registered shops and commercial establishments not covered by formal retirement systems like EPFO.
- •Traders aged 18-40 with an annual turnover below Rs 1.5 crore can apply, with self-enrollment available online or at Common Service Centres.
- •The scheme is co-contributory, with beneficiaries and the Central Government each paying 50% of the monthly contribution.
Key Questions Answered
The National Pension Scheme for Traders and Self-Employed Persons offers old-age protection with an assured minimum pension of Rs 3,000 per month after attaining the age of 60 years.
The voluntary and co-contributory scheme is open to registered shopkeepers, retail traders, and self-employed persons aged 18 to 40 years with an annual turnover of below Rs 1.5 crore who operate outside formal retirement systems like EPFO.
Under the scheme, beneficiaries make a monthly contribution ranging from Rs 55 to Rs 200, which is matched equally by a 50 percent contribution from the Central Government.
