PMLVMY: Government also gives pension of Rs 3,000 to street vendors and small traders, know the details of the scheme

Pradhan Mantri Laghu Vyapari Mandhan Yojana: Schemes are run by the government to provide social and economic security to every section. One of these is the Pradhan Mantri Laghu Vyapari Mandhan Yojana (PM Laghu Vyapari Mandhan Yojana), which gives the benefit of pension every month to all the small and retail traders of the country. This scheme secures the future of businessmen and after 60 years gives a pension of Rs 3000 every month. Under the Pradhan Mantri Mandhan Yojana (PM Mandhan Yojana), the amount of investment is decided according to age. Under the Pradhan Mantri Laghu Vyapar Maandhan Yojana, run by the Ministry of Labor and Employment, as much as is invested by the traders, the same amount is invested by the government. In this scheme, any small and retail trader between 18 to 40 years can apply.

How much contribution has to be made to Pradhan Mantri Small Trader Maandhan Yojana
The contribution under PM Laghu Vyapar Maandhan Yojana is fixed according to age. Contribution is made from Rs.55 to Rs.200. At the same time, in this government pension scheme, only beneficiaries 18 to 40 years of age can take advantage of the scheme. The amount you invest in this scheme, the same is done by the government and the benefit of a pension of Rs 3000 every month is given after the completion of 60 years.

Who can take advantage
Self-employed traders, shop owners, retail traders, small hotels, restaurants, commission agents, real estate brokers and other traders can take advantage of this scheme. However, the income of these traders must be less than Rs 1.5 crore annually.

What documents will be needed
To take advantage of this scheme, the beneficiary should have an Aadhaar card, copy of bank account passbook, GST registration number, passport-size photo and mobile number of the applicant etc.

How to apply online?
First of all, go to the official website of the Ministry of Labor and Employment.
Now click on Click here to apply on the home page.
Then click on Self Enrollment.
Now enter the mobile number and click on proceed.
After this is entered, the OTP is received on your number.
Now you have to enter all the information in the application form and also upload the scanned copy of the document.
After uploading the information and documents, submit them.
Your application process will be completed.