Pradhan Mantri Shram Yogi Maandhan Yojana

The Government of India launched the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) to provide social security and pension benefits to unorganised sector workers. Under this PM-SYM scheme, eligible workers receive a minimum assured pension of Rs. 3,000 per month after attaining the age of 60 years. This Pradhan Mantri Shram Yogi Maandhan Yojana is especially beneficial for labourers, street vendors, and small workers who do not have access to any formal pension system.

Introduction of Pradhan Mantri Shram Yogi Maandhan Yojana: A Brief Insight

The Government of India launched the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) in the year 2019 to provide financial security to unorganised sector workers after retirement. This scheme ensures that every worker who spends their life doing hard work receives a fixed monthly pension of Rs. 3,000 after attaining the age of 60 years.

Millions of workers in India work in the unorganised sector every day. These workers include street vendors, rickshaw pullers, construction workers, domestic workers, agricultural labourers, beedi workers, handloom workers, and many others. Most of these workers do not have access to any formal pension system. They have no savings for old age and no financial support after retirement. The Government of India created this scheme specifically to solve this problem.

The Ministry of Labour and Employment runs this scheme at the national level. The Life Insurance Corporation of India (LIC) manages the pension fund under this scheme. Common Service Centres (CSCs) handle the registration process across the country. This strong system ensures that every eligible worker receives their pension on time without any difficulty.

The main objective of this scheme is to bring unorganised sector workers into a formal pension system. The Government wants to make sure that no worker lives in poverty after retirement. Through this scheme, the Government provides a dignified and financially stable life to every worker who contributes to the growth of the country.

Under this scheme, the worker makes a small monthly contribution based on their age. The amount starts from as low as Rs. 55 per month for an 18-year-old applicant and goes up to Rs. 200 per month for a 40-year-old applicant. The best part is that the Government of India contributes an equal amount to the worker’s account every month. This means both the worker and the Government save together so that the worker can receive a good pension after the age of 60.

Any Indian citizen between the ages of 18 and 40 years who works in the unorganised sector and earns up to Rs. 15,000 per month can apply for this scheme. The applicant should not be a member of EPFO, ESIC, or NPS and should not be an income taxpayer. Workers who meet these simple conditions can easily register for this scheme at their nearest Common Service Centre or through the official portal at maandhan.in.

If a registered subscriber passes away before or after retirement, the Government does not leave the family without support. The spouse of the subscriber receives 50% of the pension as a family pension. The spouse can also choose to continue the scheme on their own. This shows that the Government takes care of not just the worker but also their family.

Any worker who needs help regarding this scheme can visit their nearest Common Service Centre. They can also visit the official portal at maandhan.in for more information. The Ministry of Labour and Employment provides complete support to help every eligible worker register and benefit from this scheme.

Workers who enroll in PM-SYM can also explore PM Suraksha Bima Yojana and PM Jeevan Jyoti Bima Yojana to get additional insurance coverage and financial protection for themselves and their families.

You can also explore the Complete List of Central Government Schemes to find more government welfare schemes for workers and citizens of India.

Who Can Benefit from PM Shram Yogi Maandhan Yojana?

• Street Vendors and Small Shopkeepers.
• Rickshaw Pullers and Daily Wage Workers.
• Construction Workers.
• Agricultural Labourers.
• Domestic Workers.
• Beedi and Handloom Workers.
• Any Unorganised Sector Worker earning up to Rs. 15,000 per month.

Benefits Provided to Eligible Beneficiaries

Eligible unorganised sector workers receive the following benefits from the Government of India under the Pradhan Mantri Shram Yogi Maandhan Yojana:

• Eligible beneficiaries receive a minimum assured pension of Rs. 3,000 per month after attaining the age of 60 years.
• The Government of India contributes an equal amount to the beneficiary’s monthly contribution.
• In case of the subscriber’s death, the spouse receives 50% of the pension as family pension.
• The spouse can also continue the scheme after the subscriber’s death.
• The scheme provides long-term financial security and a dignified life after retirement.

Contribution Details of Pradhan Mantri Shram Yogi Maandhan Yojana

The monthly contribution amount under Pradhan Mantri Shram Yogi Maandhan Yojana depends on the age of the applicant at the time of enrollment. The Government of India contributes an equal amount to the subscriber’s monthly contribution every month:

Applicants can check the complete contribution chart on the official portal at maandhan.in Contribution Chart.

Eligibility Conditions Required to be Fulfilled

Only those applicants who meet the following eligibility criteria can apply for the Pradhan Mantri Shram Yogi Maandhan Yojana and receive the benefit of a Rs. 3,000 monthly pension:

• Applicant must be an Indian Citizen.
• Age of the Applicant should be between 18 and 40 Years.
• The monthly income of the Applicant should not exceed Rs. 15,000.
• Applicant must belong to the Unorganised Sector.
• Applicant should not be a member of EPFO, ESIC, or NPS.
• Applicant should not be an Income Taxpayer.
• Applicant should not be availing benefits under any other Government Pension Scheme.

Documents Required to be Attached

Applicants need to carry the following documents at the time of registration for Pradhan Mantri Shram Yogi Maandhan Yojana:

• Aadhaar Card.
• Savings Bank Account or Jan Dhan Account Details.
• Active Mobile Number.

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

Eligible applicants can apply for the Pradhan Mantri Shram Yogi Maandhan Yojana through two methods. They can either visit their nearest Common Service Centre (CSC) or apply online through the official portal at maandhan.in.

Method 1: Apply Through Official Portal

Applicants can register themselves online by visiting the official portal at maandhan.in and following the steps given below:

1. Visit the Official Portal – Open maandhan.in on your browser.
2. Click on New Enrollment – Go to the Services section and click on New Enrollment.
3. Click on Self Enrollment – Select the PM-SYM Scheme and click on the Self Enrollment button.
4. Enter Aadhaar Details – Enter your Aadhaar number and complete the OTP verification on your registered mobile number.
5. Fill Personal Details – Enter all required personal details accurately in the registration form.
6. Provide Bank Details – Enter your Savings Bank Account or Jan Dhan Account details.
7. Select Monthly Contribution – Choose the contribution amount as per your age.
8. Submit the Form – Review all details and click the Submit button to complete your registration.

Method 2: Apply Through CSC Center

Applicants can visit their nearest Common Service Centre (CSC) and follow the steps given below to complete their registration:

1. Visit CSC Center – Go to your nearest Common Service Centre (CSC) with all required documents.
2. Aadhaar Verification – The CSC operator verifies your identity using your Aadhaar number.
3. Provide Bank Details – Submit your Savings Bank Account or Jan Dhan Account details for auto-debit setup.
4. Select Monthly Contribution – Choose the monthly contribution amount based on your age at the time of enrollment.
5. Auto-Debit Setup – The operator sets up auto-debit to deduct your monthly contribution automatically.
6. Registration Complete – After successful verification, your registration is completed and you receive a confirmation.

Exit and Withdrawal Rules of Pradhan Mantri Shram Yogi Maandhan Yojana

The Government of India allows subscribers to exit the Pradhan Mantri Shram Yogi Maandhan Yojana under certain conditions. The following rules apply in case of exit, withdrawal, or death of the subscriber:

• If the subscriber exits the scheme before completing 10 years, the Government returns the entire contribution amount along with savings bank interest.
• If the subscriber exits after 10 years but before attaining 60 years of age, the Government returns the contribution along with actual accumulated interest or savings bank interest, whichever is higher.
• If the subscriber passes away before attaining 60 years of age, the spouse can either continue the scheme or withdraw the entire amount with interest.
• If the subscriber passes away after attaining 60 years of age, the spouse receives 50% of the pension every month as family pension.
• If both the subscriber and the spouse pass away, the entire corpus goes back to the pension fund.
• If a subscriber misses monthly contributions, they can revive the scheme by paying the pending amount along with applicable penalty charges.

Important Links Available

• Pradhan Mantri Shram Yogi Maandhan Yojana Online Application Form.
• Pradhan Mantri Shram Yogi Maandhan Yojana Official Portal.
• Pradhan Mantri Shram Yogi Maandhan Yojana Contribution Chart.
• Pradhan Mantri Shram Yogi Maandhan Yojana Guidelines.

Contact Details in Case of Help Needed

• Pradhan Mantri Shram Yogi Maandhan Yojana Helpline Numbers :-
  • 14434.
  • 18002676888.
• Pradhan Mantri Shram Yogi Maandhan Yojana Contact Email :-
  • vyapari@gov.in.
  • shramyogi@nic.in.

Frequently Asked Questions (FAQs) – Pradhan Mantri Shram Yogi Maandhan Yojana

Q1. What is Pradhan Mantri Shram Yogi Maandhan Yojana?

It is a Government of India pension scheme that provides a minimum assured pension of Rs. 3,000 per month to unorganised sector workers after they attain the age of 60 years.

Q2. Who can apply for PM-SYM?

Any Indian citizen between 18 to 40 years of age who works in the unorganised sector and earns up to Rs. 15,000 per month can apply for this scheme.

Q3. How much pension does a beneficiary receive?

A registered beneficiary receives a fixed pension of Rs. 3,000 per month after attaining the age of 60 years.

Q4. Does the Government also contribute to the scheme?

Yes, the Government of India contributes an equal amount to the subscriber’s monthly contribution every month.

Q5. How can I apply for this scheme?

Applicants can apply online through the official portal at maandhan.in or visit their nearest Common Service Centre (CSC) for registration.

Q6. What happens to the pension if the subscriber dies?

If the subscriber passes away, the spouse receives 50% of the pension as a family pension every month. The spouse can also choose to continue the scheme.

Q7. Can I exit the scheme before 60 years of age?

Yes, the scheme allows voluntary exit. The subscriber receives their contribution back, along with applicable interest, based on the duration of enrollment.

Q8. Which organisation manages the pension fund under PM-SYM?

The Life Insurance Corporation of India (LIC) manages the pension fund under Pradhan Mantri Shram Yogi Maandhan Yojana.

Q9. What is the minimum monthly contribution under this scheme?

The minimum monthly contribution is Rs. 55 per month for applicants who enrol at the age of 18 years.

Q10. Can EPFO or ESIC members apply for this scheme?
No, applicants who are already members of EPFO, ESIC, or NPS are not eligible to apply for this scheme.

Q11. Is PM-SYM a government-guaranteed pension scheme?

Yes, PM-SYM is a government-backed pension scheme where the Government of India ensures a minimum assured pension of Rs. 3,000 per month after 60 years.

Q12. Can I apply for PM-SYM online without visiting CSC?

Yes, applicants can register online through the official Maandhan Portal using self-enrollment by completing Aadhaar verification and bank details.

Tabassum

Tabassum is a government schemes researcher and writer with 5 years of experience tracking Central and State welfare programmes across India. She has covered 500+ schemes spanning agriculture, women welfare, education, and housing, helping lakhs of beneficiaries understand their entitlements in simple language.