Get a guaranteed monthly pension of ₹3,000; this special scheme is for shopkeepers and traders—here’s how to apply..

NPS for Traders Scheme Update: If you are a small trader, shopkeeper, or self-employed individual concerned about financial security in your old age, here is some important news for you. The Union Ministry of Labour and Employment has urged traders and shopkeepers to register immediately for the 'National Pension Scheme for Traders'.

The biggest benefit of this government pension scheme is that, upon attaining the age of 60, the beneficiary receives a guaranteed minimum pension of ₹3,000 per month (i.e., ₹36,000 annually). Let us look at who can avail the benefits of this scheme and the application process.

NPS Traders Scheme: What is the scheme's key highlight?

Launched for traders and shopkeepers, this pension scheme aims to provide financial security in old age to those who do not fall under the ambit of formal retirement pension systems like the EPFO.

50% Government Contribution: This is a voluntary and co-contributory scheme. Whatever amount a trader contributes, the Central Government contributes an equal amount (50% of the total) from its own funds.

Nominal Monthly Investment: Depending on your age, you are required to contribute anywhere between ₹55 and ₹200 per month.

Guaranteed Return: Upon reaching the age of 60, you will start receiving a guaranteed pension of ₹3,000 per month for life.

NPS-Traders: Key Eligibility and Features

NPS-Traders: Key Eligibility and Features

How to apply and where to register?

Registering for this scheme is very easy:

Common Service Centre (CSC): You can visit your nearest Common Service Centre (CSC) to apply with your Aadhaar card and savings bank account details.

Online Portal: You can also self-enroll by visiting the scheme's official online portal. Official Data: According to government figures, 60,538 individuals—comprising traders and self-employed persons—had registered under the National Pension Scheme by November 26, 2025.

What points should be kept in mind?

Financial experts consider this a highly effective step towards bringing the unorganized sector and small shopkeepers under the ambit of pension coverage. Amit HL, co-founder of the financial firm Floatr, states, "While a monthly pension of ₹3,000 may hold some value today, its purchasing power will diminish due to inflation two or three decades down the line. Therefore, as the scheme progresses, the government should periodically review and consider increasing this pension amount to ensure it remains meaningful in the long run."

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