Meeting on PM-SYM, NPS-traders held at Kohima

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Dimapur, March 4: Kohima District Level Implementation Committee for Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) and National Pension Scheme for traders and self-employed persons meeting was held under the chairmanship of Deputy Commissioner, Kohima Gregory Thejawelie NCS in his office chamber on March 3.
In the meeting, the DC gave a brief highlight on the scheme implemented under the Labour Department as nodal department. He said that the scheme covers two sections: (PM-SYM) – a pension scheme for unorganized workers and (NPS-Traders) – a pension scheme for retail traders/shopkeepers and self-employed persons. He said that Kohima district has to achieve a target of 3,300 enrollment by the end of March 2020, however it was observed that slow progress in enrollment was reported by the nodal department. He requested all the area administrative officers along with all the line departments to initiate in their respective areas/jurisdictions and to sensitize the targeted group on the requirement of documents and benefits of the scheme and facilitate them to get enrollment within this few weeks.
The PM-SYM scheme is meant for old age protection and social security of Unorganized Workers (UW) whose monthly income is Rs 15,000 or below and who are mostly engaged as street vendors, head loaders, cobblers, rag pickers, washer men and workers of mid-day meal, brick kiln, domestic, home-based, own account, agricultural, construction, beedi, handloom, leather, audio-visual or in similar other occupations.
NPS-Traders is also meant for old age protection and social security of traders whose annual turnover is not exceeding Rs 1.5 crore. These retail traders/shopkeepers and self employed persons are mostly working as shop owners, retail traders, rice/oil mill owners, workshop owners, commission agents, brokers of real estate, owners of small hotels/restaurants and other Vyaparis.
Features of these two schemes – it is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs 3,000 per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.
(Page News Service)