Current Affairs · Government Schemes
Under the National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons (NPS-Traders), eligible individuals with an annual turnover not exceeding ₹1.5 crore can join. Which of the following is an INCORRECT statement regarding this Social Security Scheme?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The scheme is being implemented in all States and UTs of India except in Ladakh.✓
- 2It is a voluntary and contributory pension scheme.
- 3The monthly contribution ranges from ₹55 to ₹200 depending upon the entry age of the beneficiary.
- 4Under the scheme, 50% monthly contribution is payable by the beneficiary and an equal matching contribution is paid by the Central Government.
Correct answer
The scheme is being implemented in all States and UTs of India except in Ladakh.
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