Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM):-

Government of India has introduced a pension scheme for unorganized workers namely Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) to ensure old age protection for Unorganized Workers. For the registration one can visit to the nearest Common Service Center

p>Eligibility-

• Should be an Indian Citizen
• Unorganised Workers (working as street vendors, agriculture related work, construction site workers, workers in industries of leather, handloom, mid-day meal, rickshaw or auto wheelers, rag picking, carpenters, fisherman’s etc.
• Age group of 18-40 years.
• Monthly income is below Rs.15000 and not a member of EPFO/ESIC/NPS (Govt. funded)

Benefits-

• After attaining the age of 60 yrs, beneficiaries are entitled to receive minimum monthly assured pension of Rs.3000/-.
• On death of the beneficiary, spouse is eligible for 50% monthly pension.
• If husband and wife, both joins the scheme, they are eligible for Rs. 6000/- monthly pension jointly.

Contribution by the Subscriber

The subscriber’s contributions to PM-SYM shall be made through ‘auto-debit’ facility from his/ her savings bank account/ Jan- Dhan account. The subscriber is required to contribute the prescribed contribution amount from the age of joining PM-SYM till the age of 60 years. The chart showing details of entry age specific monthly contribution is as under: