Home PYQs UPPSC UPPSC MCQs Prelims 2020 (GS Paper I)

Question

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

  1. Those who are in age groups of 18 to 40 years are eligible.
  2. Their annual turnover should not exceed 1.5 crore rupees
  3. National Pension Scheme's member are also eligible
  4. It has a monthly minimum assured pension of Rs. 3000.00

Answer:

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.