Pradhan Mantri Karmayogi Maandhan Yojana 2023

Pradhan Mantri Karmayogi Maandhan Yojana 2023 (PM-KYM Scheme) – Rs 3,000 pension for retail traders, small shopkeepers

The Modi government has announced the Pradhan Mantri Karam Yogi Maandhan Yojana PM-KYM Scheme for retail traders and small shopkeepers, traders in the first budget of its second term. Presenting the Union Budget 2019-20, Finance Minister Nirmala Sitharaman announced this Pradhan Mantri Karam Yogi Maandhan Yojana (Pradhan Mantri Karam Yogi Maandhan Yojana). This government scheme will provide pension of Rs 3,000 per month to small traders and shop owners, businessmen. Pradhan Mantri Karmayogi Pension Yojana (PM Karmayogi Mandhan Yojana) will benefit about 3 crore retail traders and small shopkeepers.

Those traders whose annual turnover is 1.5 crores or less will also be given a monthly pension of Rs 3,000 under the PM Karam Yogi Maan Dhan Scheme. The special feature of Pradhan Mantri Karmayogi Maandhan Yojana (PM-KYM Scheme) is that only Aadhaar and PAN card will be required to fill online application form or to register for this scheme (PM-KYM Scheme Online Registration & Application Form).

The PM Karmayogi Maandhan Yojana is similar to the recently launched Shram Yogi Maandhan Yojana, which covers retail traders and small shopkeepers and the PM Shram Yogi Maandhan Yojana covers the unorganized sector employees with a pension of Rs 3,000 Age attains after attaining age.

Pradhan Mantri Karmayogi Maandhan Yojana Important Eligibility, Qualification

In order to avail the benefit of PM Karmayogi Maandhan Pension Yojana or before online registration (PM-KYM Scheme Apply Online Form), the applicant must have the following necessary eligibility and qualification (PM Karam Yogi Maan Dhan Scheme Eligibility Criteria):

  • All traders and small shopkeepers across the country, who are 60 years or more, will be entitled to avail this pension.
  • According to PM Karam Yogi Maandhan Yojana, the annual turnover of the beneficiary traders should be less than 1.5 crore.
  • Online application for Pradhan Mantri Karmayogi Maandhan Pension Yojana, the beneficiary age should be between 18 to 40 years to register.

PM Karmayogi Manadhan Pension Scheme Necessity – So far no government at the center had run any scheme to the business community after its retirement. So that he can be provided financial assistance during his old age.

PM Karam Yogi Maandhan Yojana will help traders, small and middle class businessmen to live a good life in their old age. Apart from this, simplification of GST process, Mudra loans up to Rs 1 crore are some other welfare schemes of this government for retail traders and small shopkeepers.

Premium payable under Pradhan Mantri Karmayogi Maandhan Yojana

Entry Age Superannuation Age Member’s  monthly contribution (Rs) Central Govt’s  monthly contribution (Rs) Total monthly contribution  (Rs)
(1) (2) (3) (4) (5)= (3)+(4)
18 60 55 55 110
19 60 58 58 116
20 60 61 61 122
21 60 64 64 128
22 60 68 68 136
23 60 72 72 144
24 60 76 76 152
25 60 80 80 160
26 60 85 85 170
27 60 90 90 180
28 60 95 95 190
29 60 100 100 200
30 60 105 105 210
31 60 110 110 220
32 60 120 120 240
33 60 130 130 260
34 60 140 140 280
35 60 150 150 300
36 60 160 160 320
37 60 170 170 340
38 60 180 180 360
39 60 190 190 380
40 60 200 200 400

Pradhan Mantri Karmayogi Maandhan Yojana online application, registration

To do online registration (PM-KYM Pension Scheme) for PM Karam Yogi Mann Dhan Pension Scheme, the applicant must first have an Aadhaar card. In order to apply for PM-KYM scheme online (PM-KYM Scheme Apply Online Form & Registration), the candidate has to go to the nearest Common Service Center (CSC) and register himself. After which he will have to pay the premium amount according to his age (PM-KYM Scheme Premium Amount) eg: If the age of the candidate is 29 years, then he will have to deposit 100 rupees as premium every month and the same amount will be deposited by the central government. Will do.

When the PMKYM beneficiary becomes 60 years old, he will start getting Rs. 3,000 per month as pension.

PM Karmayogi Maandhan Pension Scheme Beneficiary Selection – The selection of the applicant candidate for PM-KYM Scheme (Pradhan Mantri Karam Yogi Maandhan PM-KYM Scheme Candidate Selection) will be done on the lines of necessary documents. Applicant will have to submit a savings account, Aadhaar card and Self Declaration with the candidate.


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