PM SYM Pension Scheme: Pradhan Mantri Shram Yogi Maandhan Yojana

Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maandhan Yojana to ensure old age protection for Unorganised Workers. PM-SYM is a government pension scheme meant for old age protection and social security of Unorganized workers.

The PM SYM scheme is meant for old age protection and social security of Unorganised Workers (UW) who are mostly engaged as rickshaw pullers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, home-based workers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio- visual workers or in similar other occupations. There are estimated 42 crore such unorganised workers in the country.

Features: Pradhan Mantri SYM Scheme is a Social Security Welfare Scheme and it is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.

Pradhan Mantri Shram Yogi Maandhan Yojana
Name of the schemePradhan Mantri Shram Yogi Maandhan Scheme
TitleCheck the PM Shram Yogi Maandhan Yojana details
SubjectGovt of India introduced Pradhan Mantri Shram Yogi Maandhan Yojana
CategoryScheme
Websitehttps://maandhan.in/
online registrationhttps://maandhan.in/auth/login
PM Shram Yogi Maandhan Scheme Details

PM Shram Yogi Maandhan Pension Yojana

  • Voluntary and contributory pension scheme.
  • Monthly contribution ranges from Rs.55 to Rs.200 depending upon the entry age of the beneficiary.
  •  50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government.

Eligibility for PM SYM Pension Yojana

  • Should be an Indian Citizen
  • Unorganised Workers ( for example: working as street vendors,  agriculture labourers, construction site workers, workers in industries of leather, handloom, mid-day meal workers, rickshaw pullers or auto wheelers, rag pickers, carpenters, fisherman’s etc.)
  • Age group of 18-40 years
  • Monthly income is below Rs.15000 and not a member of EPFO/ESIC/NPS (Govt. funded).

Benefits of PM SYM Pension Scheme

  • After attaining the age of 60 yrs, beneficiaries are entitled to receive minimum monthly assured pension of Rs.3000/-.
  • On death of the beneficiary, spouse is eligible for 50% monthly pension.
  • If husband and wife, both join the scheme, they are eligible for Rs. 6000/- monthly pension jointly.
  • Voluntary and Contributory Pension Scheme.
  • Matching Contribution by the Government of India.

Contribution by the UW Subscriber:Through ‘auto-debit’ facility from his/ her savings bank account/ Jan- Dhan account from the date of joining PM-SYM till the age of 60 years as per the chart below. The Central Government will also give equal matching contribution in his pension account.

Entry AgeSuperannuation AgeMember’s  monthly contribution (Rs)Central Govt’s  monthly contribution (Rs)Total monthly contribution  (Rs)
(1)(2)(3)(4)(5)= (3)+(4)
18605555110
19605858116
20606161122
21606464128
22606868136
23607272144
24607676152
25608080160
26608585170
27609090180
28609595190
2960100100200
3060105105210
3160110110220
3260120120240
3360130130260
3460140140280
3560150150300
3660160160320
3760170170340
3860180180360
3960190190380
4060200200400
Pradhan Mantri Shram Yogi Maandhan Yojana Contribution Details

Enrolment Process of PM SYM

A. For self enrollment through online registration,

B. For enrollment through Common Service Centre

  • Interested eligible person shall visit nearest CSC centre. To locate your nearest CSC, click here.
  • While going to CSC for enrolment, he shall carry with him the following :
    1. Aadhar Card
    2. Savings/Jan Dhan Bank Account details along with IFS Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account )
    3. Initial contribution amount in cash for enrolment under the scheme
  • Village Level Entrepreneur (VLE) present at the CSC will key-in aadhar number, name of subscriber as printed on aadhar card and date of birth as given in aadhar card and the same will be verified with UIDAI database.
  • Further details like Bank Account details, Mobile Number, Email-id, if any, spouse and nominee details will be captured.
  • Self-certification for eligibility conditions will be done.
  • System will auto calculate monthly contribution payable according to age of the subscriber.
  • Subscriber shall also pay the amount of 1st subscription in cash to the VLE who will generate receipt to be handed over to the subscriber.
  • Enrolment Form cum Auto Debit mandate will also be printed which will then be signed by the subscriber. VLE then shall scan the signed enrolment cum auto debit mandate and upload into the system.
  • At the same time, a unique Shram Yogi Pension Account Number will be generated and Shram Yogi Card will be printed at CSC
  • With completion of process, subscriber will be having with him Shram Yogi Card and signed copy of enrolment form for his record.
  • He will also receive regularly SMS on activation of auto debit and Shram Yogi Pension Account details.

Exit and Withdrawal of PM SYM

Considering the hardships and erratic nature of employability of Unorganised Workers (UW), the exit provisions of scheme have been kept flexible.

  • If he/ she exits the scheme within a period of less than 10 years, the beneficiary’s share of contribution only will be returned to him with savings bank interest rate.
  • If subscriber exits after a period of 10 years or more but before 60 years of age, the beneficiary’s share of contribution along with accumulated interest as actually earned by fund or at the savings bank interest rate whichever is higher.
  • If a beneficiary has given regular contributions and died due to any cause, his/ her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or exit by receiving the beneficiary’s contribution along with accumulated interest as actually earned by fund or at the savings bank interest rate whichever is higher.
  • If a beneficiary has given regular contributions and become permanently disabled due to any cause before 60 years, and unable to continue under the scheme, his/ her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or exit the scheme by receiving the beneficiary’s contribution with interest as actually earned by fund or at the savings bank interest rate whichever is higher.
  • After the death of subscriber as well as his/her spouse, the entire corpus will be credited back to the fund.

Default: If a subscriber has not paid the contribution continuously he/she will be allowed to regularize his contribution by paying entire outstanding dues, along with penalty charges, if any, decided by the Government.

Pension Pay out: Once the beneficiary joins the scheme at the entry age of 18-40 years, the beneficiary has to contribute till 60 years of age. On attaining the age of 60 years, the subscriber will receive by DBT the assured monthly pension of Rs.3000/- with benefit of family pension, as the case may be.

SchemeIndia Social Security Welfare Schemes
NPS TradersNational Pension Scheme for Traders and Self-Employed Persons Yojana
APYAtal Pension Yojana
PMSBYPradhan Mantri Suraksha Bima Yojana
PMJJBYPradhan Mantri Jeevan Jyoti Bima Yojana
PMJDYPradhan Mantri Jan Dhan Yojana
PM SYMPradhan Mantri Shram Yogi Maandhan Yojana
India Social Security Welfare Schemes
  1. What is the Pradhan Mantri Shram Yogi Maan-dhan?

    Pradhan Mantri Shram Yogi Maan-dhan is a central government scheme meant for old age protection and social security of Unorganised Workers (UW).

  2. What is the benefit of this Scheme?

    If any unorganised worker subscribes the scheme and has paid regular contribution up to the age of 60 years, he will get a minimum monthly pension of Rs. 3000/-. After his/her death, spouse will receive a monthly family pension which is 50 % of the pension. 

  3. How many years the beneficiary will contribute?

    Once the beneficiary joins the scheme at the entry age between 18-40 years, he has to contribute till he attains the age 60 years.

  4. How much pension would be received under the Scheme? At what age?

    Under the Scheme, minimum pension is of Rs. 3000/- per month shall be paid. This pension will start on attaining the age of 60 years of the subscriber.

  5. Who are not entitled to join this Scheme?


    Under the scheme any worker who is covered under any statutory Social Security Scheme such as NPS, ESIC, EPFO and an income tax payee is not entitled to join the scheme.

  6. How much contribution I have to pay?


    The actual amount of the subscriber’s contribution will be determined at the entry age of the scheme. At median entry age of 29 years, a beneficiary is required to contribute Rs 100/ – per month.

  7. How to apply for PM Shram Yogi Maandhan Yojana?

    You can visit the nearest Common Service Centre along with your Aadhaar card and Savings bank account passbook/Jan Dhan account, and get registered for the Scheme.

*Disclaimer: We have published the above information for reference Purpose only, For any changes on the content we refer to visit the Official website to get the latest & Official details, and we are not responsible for anything

12th Model Paper 2022 | Pavzi | 10th Model Paper 2022 | Model Paper 2022 | eKalyan ePass | 192.168.0.1 | Scholarship- Fellowship | JNVST Result 2022 | LI9 | Sample Paper 2022 | Board Paper 2022 | Sample Paper 2022 | EDPOST | BLOGSS | 10th Model Question Paper 2022 | Model Paper 2022 | JNANABHUMIAP | Board Model Paper 2022 | 99 Networks | 25 Penny | 99 Employee | Refrigeration Pedia|

Leave a Comment