In India, the government has introduced numerous schemes aimed at providing financial security to its citizens, particularly those in the unorganized sector. One of the key concerns for workers in this sector is the lack of a structured retirement plan. Many workers toil throughout their lives, often without any savings or financial support for their retirement years. To address this issue, the Government of India launched the Pradhan Mantri Shram Yogi Maandhan Yojana in 2019, a pension scheme designed to offer financial security to workers in the unorganized sector by providing them with a monthly pension of ₹3000.
Key Benefits of the PM Shram Yogi Maandhan Yojana
The PM Shram Yogi Maandhan Yojana is a groundbreaking initiative tailored for workers in the unorganized sector. Under this scheme, eligible workers are assured a monthly pension of ₹3000, which is a significant step towards ensuring their financial stability in old age.
Eligibility Criteria and Contribution Details
To benefit from this scheme, workers must meet specific eligibility criteria and contribute regularly to the scheme. The government matches the contribution made by the worker, effectively doubling the investment. For instance, if a worker contributes ₹100 monthly, the government will add another ₹100 to the scheme.
- Age Eligibility: The scheme is open to workers aged between 18 and 40 years.
- Contribution Period: Workers are required to contribute until they reach the age of 60.
- Pension Start: Once a worker turns 60, they are entitled to receive a monthly pension of ₹3000.
The scheme is designed for a wide range of occupations within the unorganized sector, including but not limited to drivers, plumbers, tailors, rickshaw pullers, street vendors, cobblers, and washermen.
How to Apply for the PM Shram Yogi Maandhan Yojana
Applying for the PM Shram Yogi Maandhan Yojana is a straightforward process. Here’s how you can register:
- Online Registration: Visit the official website at labour.gov.in/pm-sym and complete the online application process.
- CSC Registration: Alternatively, you can visit a nearby Common Service Center (CSC) to register.
- Required Documents: Ensure you have your Aadhaar card and savings account documents (such as a passbook or checkbook) handy for the application.
- Post-Registration: After successfully registering, a Shram Yogi Card will be issued to you, and the premium installment will be automatically deducted from your savings account online.
For any queries or additional information, you can reach out to the scheme’s toll-free number: 1800 267 6888.our account online. For more information about the scheme, you can call the toll-free number 1800 267 6888.
