PM Karam Yogi Mandhan Yojana


There are so many schemes which the Indian government has come up with to date. Certainly, these schemes are quite beneficial and are designed considering the struggling life of the people to become simple. Pradhanmantri Karam Yogi is one such scheme. The Modi government has recently announced this scheme wherein it offers much of the benefits to the small shopkeepers and retail traders within the first budget of the second term itself. This national pension scheme for the traders and self-employed people is a government scheme which has been designed for old age protection along with social security of the retail traders, shopkeeper’s social security, and also the self-employed people to name some. This type of scheme is helpful for those who are not working with regular government-based jobs.

Know more about the Pradhanmantri Karam Yogi

Before we head on to the Karam Yogi Mandhan Yojana Apply process, it is important to understand in depth the scheme itself. This scheme is designed for self-employed individuals and traders. It is a government-designed scheme for social security and old age protection for small-scale traders and even retailers which in other words is called Vyaparis. These are the self-employed individuals or those who have their shop or are trading at the retail planform. They can be oil mill owners, rice oil owners, or even the commission agent and real estate broker who equally deserved social security. However, there is an eligibility criterion that has been set for such people. Taking of which the annual income of these individuals should be 1.5 crores to get the advantages.

The Life insurance corporation of India is the company that the government has chosen as the nodal agency for the successful implementation of the scheme. This scheme is designed for traders and all the businessmen who are in the age criteria of 18 to 40 years old and after 60 years of age they shall be earning the sum pay of Rs 3000 as a pension on monthly basis. For this, the age of 18 years will have to pay at least Rs55 as a minimum premium while those who are above 40 years of age must pay at least Rs 200 as a premium every month.

The amount which is received as the pension under this scheme will then be digitally transferred to the bank account of the beneficiary. Once you fill up and submit the PM Karam Yogi Mandhan Yojana Form the scheme shall start after a good verification. The funds will be sent to the account of the beneficiary’s bank which has to be linked with the Aadhar card. There are businessmen and even small-scale start-ups with hardly any income support post 60 years of age who will have to make their living entirely on the pension that shall be received using such a scheme.

Eligibility criteria PM Karma Yogi Mandhan Yojana

Before you start with the Karam Yogi Mandhan Yojana Form filling process, it is important to understand the eligibility criteria that have been set for such a scheme. This scheme is not meant for everyone. rather

  • For self-employed shop owners, retail owners, and other vyaparis

  • Annual turnover should not exceed Rs 1.5 crore

  • All applications under the scheme will be approved through online mediums only.

  • There will be a sum of 3000 thousand that will be given as a pension every month.

  • The scheme is funded 50 percent by the government.

  • This scheme can be applied by Individuals whose age is between 18 to 40 years of age

  • The benefit of this scheme will be provided to small and marginal farmers of the country.

  • Only people who do business and business in India can apply.

  • Small businessmen and traders doing business outside India cannot avail of this scheme.

  • The benefit of the scheme will be given by the Central Government after the completion of 60 years of age.

  • The Life Insurance Corporation will act as a nodal agency under the scheme.

  • The pension amount can only be transferred to the beneficiary if they have a bank account

Required Document for Pradhanmantri Karam Yogi Maandhan Yojana

The applicant candidate selection process for PM-KYM Scheme can be done depending on all the documents that are listed for the scheme. The applicant must submit a savings account, an Aadhaar card, and Self Declaration. Talking about the documents, the crucial ones are listed below:

  • The bank account should be linked to an Aadhar card.

  • Aadhar Card

  • GST registration number

  • Passport size photo

Beneficiary Benefits

Once the beneficiary fills up all the online process as per the step suggested and if the verification is done smoothly and accepted then the candidate can be applicable for listed benefits:

  • Matching Contribution by the Government of India

  • Pension Benefits will be about 3 crore retail traders & small shopkeepers with an annual turnover of less than Rs.1.5 crore

  • Around 3 crore retail traders and shopkeepers would benefit from PM Karmayogi Mandhan Yojana in India.

  • Voluntary and Contributory Pension Scheme

  • With schemes like these, it can surely help the people from different occupations to earn pension after their retirement age and have a better yet stable income every month.


This is a voluntary yet contributory pension scheme in which the subscriber is entitled to get a minimum assured pension of Rs 3000/- every month once the person attains the age of 60 years. In case the subscriber dies the beneficiary, the spouse is entitled to get 50% of the pension as the pension of the family. The enrollment of the scheme is quite simple. All it needs is Aadhaar, a bank account and a self-declaration form to be submitted. Nearly 350 crores have been allocated for the Financial Year with 2% interest subvention to all GST-registered MSMEs which are under Interest Subvention Scheme (ISE) for MSMEs. There will also be a payment platform for MSMEs for creating to allow the filing of bills and payments and this eliminates delays in government payments.

Questions and Answers

What is the Online Registration Process?

there is no hard and fast rule in the online registration process. Rather, it is quite simple and needs to be followed systematically. This scheme, however, requires some documentation handy. Also, the applicant needs to have an Aadhar card. Further process of registration includes visit the nearest Common Service Centre (CSC) and register himself. Other than this the eligible applicants must apply to this scheme and read all the instructions carefully. Following are the steps that need to be followed while applying online.

  • Visit the Official Website of Pradhanmantri Karam Yogi Maandhan Yojana i.e.

  • On the Homepage, click at the “Click here to Apply Now” link to open the page 

  • Here people can choose the process of registration either “Self Enrollment (using mobile number & OTP)” or “CSC VLE (using CSC connect)” to apply online 

  • For the Self Enrollment process, the applicants will have to make the login page shown on the screen.

  • Enter the mobile number, PM Karam Yogi Mandhan Yojana registration page will appear on the screen.

  • Click on Submit Button for the final submission of the application.

  • A dashboard will open containing the name of schemes – Pradhan Mantri Kisan Maandhan Yojana, PM Shram Yogi Maandhan Yojana, and National Pension Scheme for Traders & Self-Employed Persons Yojana.

  • Choose the Enrollment option and select the scheme name to open the subscriber enrollment form for the National pension scheme for traders & self-employed person yojana.

  • Enter complete details accurately to avail of pension scheme benefits under PM Karam yogi Maandhan scheme.

How to apply for PM Karmayogi Mandhan Yojana Apply Offline at CSCs?

The candidates who are interested in enrolling themselves for Pradhan Mantri Karmayogi Mandhan Yojana can apply offline as well. There are more than 3,25,000 Common Service Centres (CSCs) available across the country where they can apply. The process includes:

  • The interested eligible person shall visit the nearest CSC center.

  • Following are the prerequisites for the enrollment process:

  • Aadhaar Card

  • Savings/Jan Dhan Bank Account

  • Bank IFSC Code

  • It is important to make an Initial contribution amount in cash to the Village Level Entrepreneur (VLE).

  • The VLE will key in the Aadhaar number, Name of the subscriber, and Date of birth as printed on the Aadhaar card for authentication.

  • The VLE will finish the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, GSTIN, Annual Turnover Income, Spouse (if any), and Nominee details.

  • Self-certification for eligibility conditions will be done.

  • The system will auto-calculate monthly contributions payable according to the age of the Subscriber.

  • Subscriber will pay the 1st subscription amount in cash to the VLE.

  • There will be an Enrollment cum Auto Debit mandate form will be printed

  • Further, as a part of verification, it will be signed by the subscriber.

  • VLE will scan the same and upload it into the system.

  • A unique Vyapari Pension Account Number (VPAN) will be generated and Vyapari Card will be printed.