Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) – Pension Scheme for Unorganised Workers

The 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 Unorganised Workers.

Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) – Pension Scheme for Unorganised Workers. All details available in this article.

Unorganized workers Like home-based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless laborers, own-account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio-visual workers and similar other occupations whose monthly income is Rs 15,000/ per month or less and belong to the entry age group of 18-40 years.

Eligibility Criteria

  • Should be an unorganized worker (UW)
  • Entry age between 18 and 40 years
  • Monthly Income ₹15000 or below
  • Should not be
  • engaged in Organized Sector (membership of EPF/NPS/ESIC)
  • an income taxpayer
  • He/ She should possess
  • Aadhar card
  • Savings Bank Account / Jan Dhan account number with IFSCComplete Enrolment Process

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How to Apply PM-SYM

Step 1: Interested eligible person shall visit nearest CSC center.
Step 2: Following are the prerequisites for the enrollment process:

Aadhaar CardSavings/Jan Dhan Bank Account details along with IFSC Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account )
Step 3: Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).
Step 4: The VLE will key in the Aadhaar number, Name of subscriber and Date of birth as printed on aadhaar card for authentication.
Step 5: The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, Spouse (if any) and Nominee details will be captured.
Step 6: Self-certification for eligibility conditions will be done.
Step 7: System will auto calculate the monthly contribution payable according to age of the Subscriber.
Step 8: The subscriber will pay the 1st subscription amount in cash to the VLE.
Step 9: Enrollment cum Auto Debit mandate form will be printed and will be further signed by the subscriber. VLE will scan the same and upload it into the system.
Step 10: A unique Shram Yogi Pension Account Number (SPAN) will be generated and Shram Yogi Card will be printed.

PM-SYM BENEFITS

  • Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
  • if the subscriber dies, the spouse of the subscriber shall be entitled to receive 50% family pension.

Pradhan mantri shram yogi maan-dhan yojana apply online: Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maan- dhan (PM-SYM)