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Rs.3,000 monthly pension for kirana shopkeepers, traders: All you need to know

-Livemint.com

* The new scheme is a part of Prime Minister Narendra Modi's universal social secuity programme

* PM Narendra Modi's new pension scheme aims at benefiting over 3 crore traders and shopkeepers

The newly-inducted Union Cabinet, in its first meeting, approved a mega pension scheme to provide a minimum assured pension of Rs.3000 per month to all small shopkeepers and retail traders.

The new scheme is a part of Prime Minister Narendra Modi's universal social security programme. Under the scheme, all shopkeepers, retail traders and self-employed persons are guaranteed a monthly pension amount of Rs.3,000 once they attain the age of 60 years. It aims at benefiting over 3 crore traders and shopkeepers.

All small shopkeepers and self-employed persons as well as the retail traders with GST turnover below Rs.1.5 crore and age between 18-40 years can enroll for this scheme, an official statement said.

To make it easier for the trading community, minimal documentation is required to avail the scheme. One needs the 12-digit Aadhaar card number and the bank account details for enrolling in the pension scheme. Common people can enroll themselves through over 3.25 lakh common service centres spread across the country.

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