PM-SYM: A Govt Scheme With Min Rs 3,000 Monthly Pension For Informal Sector Workers
PM-SYM: A Govt Scheme With Min Rs 3,000 Monthly Pension For Informal Sector Workers The Pradhan Mantri Shram Yogi Maan-Dhan Yojana was launched in 2019 to benefit those working in the informal sector. It is a voluntary and contributory scheme that assures a monthly pension of at least Rs 3,000 after attaining 60 years of age. Features of PM Shram Yogi Maan Dhan Yojana Contribution towards the scheme starts at Rs 110 per month. The central government will make an equal contribution to the subscriber’s pension account. Subscribers to the scheme have to pay regular contribution up to the age of 60 years, to get a minimum monthly pension of Rs 3,000. After his/her death, the spouse will receive a monthly family pension which is 50 percent of the pension. Once the beneficiary joins the scheme, he/she has to contribute until he/she attains the age 60 years. Eligibility Those working in the unorganised sector, for example, rickshaw pullers, hawkers, labourers, maids, tailors, small store ow