Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) | Pension Yojana

 

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

 

In order to provide financial security to the workers of the unorganized sector in old age, the government has launched Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM). Under this, the government will give a pension of Rs 3000 per month after the age of 60 years to workers with income less than Rs 15,000. Under this scheme, you can arrange a pension of 3 thousand rupees for yourself by investing only 55 rupees every month. We are telling you about this plan.

 

What is the plan?

 

Under this scheme, workers in the unorganized sector get a pension of Rs 3000 after the age of 60 years. Under the scheme, the contribution that the beneficiary makes every month, the more the government mixes in it. That is, if your contribution is 100 rupees then the government will also add 100 rupees to it.

 

Who will get pension under this scheme?

 

This scheme is for labourers working in the unorganized sector. These include houseworkers, hawkers, drivers, plumbers, tailors, mid-day meal workers, rickshaw drivers, construction workers, garbage pickers, beedi makers, handlooms, agricultural workers, cobblers, washermen, Leatherworkers have been included. The Labor Ministry has also released a list of 127 types of work that will be given to those who are in the unorganized sector and will be given the benefit of pension scheme.

 

What is the rule?

 

The income of the unorganized sector labourer should not exceed Rs 15,000 for the scheme. Saving bank account or Jan Dhan account should have a passport and Aadhaar number. Age should not be less than 18 years and not more than 40 years. It has not already taken advantage of any other pension scheme of the Central Government.

 

What are the conditions?

 

• In case of default in contribution (instalment) of its share, the eligible member will be allowed to regularize the contribution by paying the arrears with interest. The government will decide this interest.
• If it is willing to withdraw from the scheme within 10 years from the date of joining the scheme, then only its share contribution will be returned to the savings bank interest rate.
• If the pensioner leaves the scheme after 10 years but before the age of 60 years, he/she will be returned his / her contribution along with the actual interest earned in the pension scheme.
• In case of death of a member due to some reason, the spouse will have the option to run the scheme. For this, he will have to contribute regularly.
• Apart from this, if the pensioner dies after 60 years under this scheme, his nominee will get 50% pension.
• If able to contribute to the scheme if temporarily disabled before the age of 60 years, then he will have the option to withdraw from the scheme by contributing his share with the actual interest of the scheme.

 

The chart showing the details of the entry age-specific monthly contribution of Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) is as follows

 

Entry Age	Superannuation Age	Member's  monthly contribution (Rs)	Central Govt's  monthly contribution (Rs)	Total monthly contribution (Rs)
(1)	(2)	(3)	(4)	(5)=(3)+(4)
18	60	55	55	110
19	60	58	58	116
20	60	61	61	122
21	60	64	64	128
22	60	68	68	136
23	60	72	72	144
24	60	76	76	152
25	60	80	80	160
26	60	85	85	170
27	60	90	90	180
28	60	95	95	190
29	60	100	100	200
30	60	105	105	210
31	60	110	110	220
32	60	120	120	240
33	60	130	130	260
34	60	140	140	280
35	60	150	150	300
36	60	160	160	320
37	60	170	170	340
38	60	180	180	360
39	60	190	190	380
40	60	200	200	400

 

 

How can one avail the scheme? For registration in Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), Pension Yojana one has to visit the Common Service Center (CSC) Center. After this, the Aadhar card and savings account or Jan Dhan account will have to be given. Can show passbook, chequebook or bank statement as proof. You can also register a nominee at the time of opening an account. Once your details are registered in the computer, the information of monthly contribution will be received automatically. After this, you have to make your initial contribution in the form of cash. After this, your account will open and you will get the Shram Yogi Card. You can get information about this scheme on 1800 267 6888 toll-free number.