AMN
A special mobilization drive will be undertaken by the government Jammu and Kashmir for enrolment of eligible traders, shopkeepers and self-employed persons under Pradhan Mantri Laghu Vyapari Maan Dhan Yojana (PM-LVMY) in the state. The Yojana will be implemented by Life Insurance Corporation of India Limited through its wide network of branch offices and agents.
Around 3.50 lakh Common Service Centres will be responsible for the enrolment of the beneficiaries under the scheme. To avail the benefits of the pension scheme, a subscriber will have to deposit a nominal monthly subion ranging from 55 to 200 rupees depending on the entry age. The Central Government shall also deposit matching share of monthly subion in the subscriber’s pension account.
The PM-LVMY is a voluntary contributory pension scheme for retail traders in the age-group of 18-40 years with annual turnover not exceeding 1.5 crore rupees.
