Page 45 - NIS English september 01-15, 2022

Secured Future Nation

BENEFITS TO SMALL FARMERS 19,15,168
age at the time of joining the scheme.
Husband and wife can avail this scheme Such small and marginal Total Beneficiaries under
n n
separately. Life Insurance Corporation farmers who are between 18 Pradhan Mantri Kisan
of India has been appointed as the to 40 years of age can take Maandhan Yojana.
Fund Manager of the Pension Fund. benefit from the Pradhan 51,227
The corporation will be responsible for Mantri Kisan Maandhan
pension payments. In case of death Yojana. Benefitted from National
Pension Scheme for traders
of the contributor, his/her spouse can n Having cultivable land of 2 and self-employed. (Data as
continue the scheme by making the hectares or less. of 10 August 2022)
remaining contribution and can avail
pension. NATIONAL PENSION SCHEME FOR
If the spouse does not wish to continue
n
with the scheme, the total contribution TRADERS AND SELF-EMPLOYED
amount along with interest will be
paid. In case there is no spouse, n This pension scheme is one of the top priorities of
the contribution amount along with the second term of Prime Minister Narendra Modi.
interest will be paid to the nominee. If The traders and self-employed persons whose
the beneficiary dies after the date of annual turnover does not exceed Rs 1.5 crore are
retirement, 50% of the pension amount eligible for this scheme.
will be given to his wife as a family n The facility for enrollment under the scheme has
pension. been made available to the prospective beneficiaries
If the beneficiary makes regular through the 3.50 lakh Common Service Center
n (CSCs) across the country. Eligible traders can
contributions for at least 5 years and
wants to leave the scheme after that, enroll under this scheme by visiting their nearest
LIC will pay the amount along with CSC. In addition, people can also self-enroll by
interest at the bank's savings account visiting the portal www.maandhan.in/vyapari.
rate. n For enrollment, the beneficiary should have an
The scheme can be registered through Aadhar card and bank account. The age of the
n beneficiary should be between 18 to 40 years and
Common Service Centers. Registration
is free. The government pays Rs 30 per should not be an income taxpayer. The enrollment
registration to these service centres. for the beneficiaries under the scheme is free of
The eligible willing person can register cost. Enrollment is based on self-certification.
themselves by visiting the official n It is a voluntary contributory pension scheme for
website of the scheme maandhan.in. traders in the age group of 18 to 40 years. There is
A Grievance Redressal Mechanism a provision to give a minimum monthly pension of
n Rs 3,000 at the age of 60 years to the beneficiary.
has also been created for redressal
of grievances which consists of n Under this scheme, the Central Government will give
representatives from LIC, banks, and a 50 % share of the monthly contribution, and the
the Government. remaining 50% contribution will be made by the
For Kisan Pension Scheme, it is beneficiary. The monthly contribution has been
n kept low. For example, a beneficiary is required
necessary to have an Aadhar card,
age certificate, income certificate, and to contribute as little as Rs.100/- per month at a
bank account. median entry age of 29 years.

New India Samachar September 1-15, 2022 43