UPPSC 2020 GS-I Current Affairs
Question

Which of the following statements is NOT correct for National Pension Scheme for Retail Traders/ Shopkeepers and Self-employed persons?

Answer & Solution

Answer: (Detailed Solution Below)

Option C: National Pension Scheme's member are also eligible

Detailed Solution:

The correct answer is “National Pension Scheme's member are also eligible”.

Option (c) is not a correct statement for the Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) Yojana.

The scheme is specifically designed for workers in the unorganized sector, such as street vendors, rickshaw pullers, construction workers, and other low-income groups who are not eligible for any pension scheme.

Members of the National Pension Scheme (NPS) are not eligible to enroll in PM-SYM.

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