October 18, 2019 1:50 PM

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Special mobilization drive in J&K for enrolment under PM-LVMY

<span style="color: #222222;">In Jammu and Kashmir, a special mobilization drive shall be undertaken by the government 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. </span><br />'' <br />'' <span style="color: #222222;">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.</span><br />'' <span style="color: #222222;">  </span><br />'' <span style="color: #222222;">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.         </span><br />

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