Cabinet clears pension scheme for traders

The Union Cabinet has approved a new scheme that offers pension coverage to the trading community. The pension scheme assures a minimum monthly pension of ₹3000 per month to small shopkeepers, retail traders and the self-employed people after attaining the age of 60 years. The scheme will be available to all small shopkeepers and self-employed… Continue reading Cabinet clears pension scheme for traders

Landmark decision taken in the first Cabinet meeting of the NDA Government offers pension coverage to crores of farmers

The Union Cabinet has approved a new Central Sector Scheme to provide pension cover to farmers.The pension scheme will be voluntary and contributory scheme for all Small and Marginal Farmers (SMF) across the country. There will be an entry age of 18 to 40 years with a provision of minimum fixed pension of Rs.3,000/- on… Continue reading Landmark decision taken in the first Cabinet meeting of the NDA Government offers pension coverage to crores of farmers

Pension scheme for workers in informal sector to kick-start from February 15

According to the Labour ministry notification,Pradhan Mantri Shram Yogi Maandhan (PMSYM) scheme will be open from February 15th, 2019. This scheme can be availed by the unorganised sector workers under the age of 40 years earning up to Rs 15,000 every month. The scheme provides a minimum monthly pension of Rs 3,000 after the age… Continue reading Pension scheme for workers in informal sector to kick-start from February 15