The Pradhan Mantri Shram Yogi Maan dhan Yojana (PMSYM) is a government scheme designed to provide social security to India’s unorganized sector workers. It’s intended to provide retirement benefits and health insurance to those who don’t have any other source of income. In this article, we’ll explain the PMSYM scheme in detail, including eligibility criteria, benefits, and more
Introduction to Pradhan Mantri Shram Yogi Maan dhan Yojana
Pradhan Mantri Shram Yogi Maan dhan Yojana (PMSYM) is a pension scheme targeted at unorganized sector workers in India. It was launched by Prime Minister Narendra Modi in 2019, to provide a secure future for the workers of the unorganized sector. The scheme is aimed at providing a pension of Rs. 3000 per month to all eligible beneficiaries after attaining the age of 60 years. To become eligible for the scheme, an individual must be an unorganized sector worker and earning less than Rs. 15,000 per month.
Furthermore, one also needs to have an Aadhaar card and a bank account linked with it to apply for PMSYM online. The application process is simple and straightforward and anyone can apply easily. The government has set aside funds to ensure that those who are eligible can receive the pension amount on time every month. With PMSYM, unorganized sector workers can look forward to a secured retirement life free from any financial worries.
Pradhan Mantri Shram Yogi Mandhan Yojana Key Points
Scheme NamePradhan Mantri Shram Yogi Mandhan YojanaLaunched ByFinance Minister Mr. Piyush GoyalLaunched date1st FebruaryStart date of scheme15th FebruaryBeneficiaryUnrecognized sector WorkersNo of beneficiary10 Crore approximateContributionRs 55 per month to Rs 200 Per monthPension amountRs 3000 Per monthCategoryCentral Govt SchemeOfficial websitehttps://maandhan.in/shramyogi
PMSYM provides workers with financial security in their old age, as they will be entitled to receive a minimum monthly pension of ₹ 3,000 after reaching the age of 60. The Pradhan Mantri Shram Yogi Maan dhan Yojana (PMKMY) is the official online registration portal for this scheme, and it provides information on the eligibility and documents required to apply.
Furthermore, it also has a detailed guide on how to register online so that eligible workers can apply for the scheme without any hassles. The PMKMY portal enables workers to easily submit their applications and monitor the status of their application. This scheme is beneficial for those looking for financial security in their old age and will no doubt help them lead a comfortable life in retirement
The scheme also includes an insurance cover of ₹ 2 lakh in case of unnatural or accidental death, and ₹ 1 lakh for natural death Thereafter, the Pradhan Mantri Shram Yogi Maan dhan Yojana provides a safety net for workers in the informal sector. Those enrolled are given a minimum assured pension of ₹ 3000 per month after they attain the age of 60. The scheme also includes an insurance cover of ₹ 2 lakh in case of unnatural or accidental death, and ₹ 1 lakh for natural death. This initiative provides financial security to those who would otherwise lack such protection.
Benefits of the PMSYM Scheme
The scheme provides a secure pension of up to 3000 rupees per month for eligible workers after the age of 60. The Pradhan Mantri Shram Yogi Maan dhan Yojana, or PMSYM, is a pension scheme under the Government of India that provides social security to unorganized workers who have reached the age of 60. The scheme is beneficial for small traders, self-employed individuals, and other informal workers.
To avail benefits of this scheme, one can easily register on pmkmy.gov.in login and fill out the necessary details. Furthermore, the beneficiary must have an Aadhaar card for easy verification. The PMSYM pension scheme ensures financial security for those who work in the unorganized sector and do not have access to other pension schemes
It also covers eligible workers in case of death or disability, with a one-time payment of 20,000 rupees. The Pradhan Mantri Shram Yogi Maan dhan Yojana (PMSYM) is an ambitious pension scheme introduced by the government of India offering an assured monthly pension of Rs 3000/- to workers in the unorganized sector.
The scheme is open to any citizen of India who has an Aadhar card and is between the age of 18 – 40. pmkmy.gov.in login is available for eligible candidates to successfully apply for the scheme and avail its benefits. The scheme also offers a death cover to the beneficiaries, who are eligible for an assured amount of Rs 2 lakh and disability cover with a one-time payment of Rs 20,000/-. Overall, PMKMY provides financial security and ensures that vulnerable workers in the unorganised sector have access to pension and other welfare benefits
The scheme also includes health insurance coverage of up to 30,000 rupees per year for hospitalization expenses Again, Pradhan Mantri Shram Yogi Maan Dhan Yojana is beneficial for those who engage in unorganized labor and are not covered under Employees’ Provident Fund and Pension Scheme.
Not only does the scheme provide a minimum assured pension of 3000 rupees per month but it also provides health insurance coverage of up to 30,000 rupees per year. This scheme is open to anyone who wishes to apply online and meets the eligibility criteria.
Eligibility Criteria for PMSYM
Indian citizens between the ages of 18-40 who are employed in the unorganized sector are eligible for Pradhan Mantri Shram Yogi Maan dhan Yojana. This scheme is designed to provide a pension of Rs. 3000 per month to those who are employed in the unorganized sector after the age of 60.
The scheme is funded by the Government of India and does not require any contribution from the applicant. The beneficiaries can apply for Pradhan Mantri Shram Yogi Maan dhan Yojana online through their mobile phone or computer, with ease and convenience. Once the application is approved, they will be eligible to receive a pension of Rs. 3000 each month once they reach the age of 60
easily do it online.
Documents Required for PMSYM
- Aadhar Card
- identity card
- bank account passbook
- passport size photo
- full address of the applicant
- mobile number
FAQs of Pradhan Mantri Shram Yogi Maan dhan Yojana (PMSYM)
Who is eligible to participate in PMSYM?
All workers in the unorganized sector who are between 18 and 40 years of age are eligible for PMSYM. The scheme provides an assured monthly pension of Rs. 3000/- to the workers of unorganized sector who opt for this scheme.
What is the contribution for PMSYM?
The pension contribution required is Rs 55 per month for those between 18 and 40 years of age. The Pradhan Mantri Shram Yogi Maan dhan Yojana (PMSYM) is a pension scheme for unorganized workers.
Contact Information for Pradhan Mantri Shram Yogi Man dhan Yojana
Joint Secretary and Director General (Labour Welfare) Ministry of Labour and Employment Government of India
- Helpline: 1800 267 6888
- E-Mail: email@example.com | firstname.lastname@example.org