Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM): The Central Government has introduced this pension scheme for those working in the unorganized sector. Investors will have to invest some money every month under this scheme.
Pradhan mantri Shram Yogi Man Dhan Yojna Pension.
Post Name :- Pradhan mantri Shram Yogi Man Dhan Yojna
Category :- Education
Portal :- cutresults
Post Date :- 15/04/2022
You can get 3 thousand rupees pension (Pension Scheme) every month through Prime Minister Shram Yogi Maandhan Pension Yojana (PM-SYM) ofGovernment of India. Actually, the Government of India has startedthis pension scheme (PM-SYM In Hindi) for the people working in the unorganized sector . Who can take advantage of this government pension scheme and how much investment will be required to get the pension. Also, in this report, an attempt has been made to answer the questions like when the pension will start. Let us try to know the specifics of the Prime Minister Shram Yogi Maandhan Pension Scheme.
What is the Pradhan Mantri Shramyogi Maandhan Yojana,
The central government has started this pension scheme for those working in the unorganized sector. The investor will have to invest some money every month under this scheme. The government guarantees a pension of 3 thousand rupees every month to the investor on completion of 60 years of age through this scheme. Through this scheme, the investor gets a lifetime pension. Significantly, as much as you contribute to this scheme, the same contribution is made in your account from the government as well.
Special things of Prime Minister Shram Yogi Mandhan
You have to contribute till the age of 60, the government will contribute equally
On completion of 60 years, pension of 3 thousand rupees will be started for life.
After your death, the wife will get half the pension of one and a half thousand rupees
No pension or lump sum facility to the family after the death of the wife.
How to avail the Pradhan Mantri Shramayogi Maandhan Yojana,
while opening an account, you should be between 18 and 40 years old. Apart from this, monthly income should be less than 15 thousand rupees. The biggest condition is that you should not be an income tax payer or a taxpayer. The eligible person should not be covered under EPFO, NPS and ESIC. Also, to take advantage of this scheme, it is mandatory for the subscriber to have a mobile phone, Aadhaar number. It is also mandatory for the eligible person to have a Savings Bank Account to take advantage of the scheme.
2. Features of PM-SYM: It is a voluntary and contributory pension scheme, under which the subscriber would receive the following
benefits :
(i) Minimum Assured Pension: Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
(ii) Family Pension: During the receipt of pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse.
(iii) &nbps; &&nbps;If a beneficiary has given regular contribution and died due to any cause (before age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution or exit the scheme as per provisions of exit and withdrawal.
3. Contribution by the Subscriber: The subscriber’s contributions to PM-SYM shall be made through ‘auto-debit’ facility from his/ her savings bank account/ Jan- Dhan account. The subscriber is required to contribute the prescribed contribution amount from the age of joining PM-SYM till the age of 60 years. The chart showing details of entry age specific monthly contribution is as under:
4. Matching contribution by the Central Government:
PM-SYM is a voluntary and contributory pension scheme on a 50:50 basis where prescribed age-specific contribution shall be made by the beneficiary and the matching contribution by the Central Government as per the chart. For example, if a person enters the scheme at an age of 29 years, he is required to contribute Rs 100/ – per month till the age of 60 years an equal amount of Rs 100/- will be contributed by the Central Government.
5. Enrolment Process under PM-SYM: The subscriber will be required to have a mobile phone, savings bank account and Aadhaar number. The eligible subscriber may visit the nearest Common Services Centres (CSC eGovernance Services India Limited (CSC SPV)) and get enrolled for PM-SYM using Aadhaar number and savings bank account/ Jan-Dhan account number on self-certification basis.
Later, facility will be provided where the subscriber can also visit the PM-SYM web portal or can download the mobile app and self-register using Aadhar number/ savings bank account/ Jan-Dhan account number on self-certification basis
6. Enrollment agencies: The enrolment will be carried out by all the Common Services Centres. The unorganised workers may visit their nearest CSC along with their Aadhar Card and Savings Bank account passbook/Jandhan account and get registered themselves for the Scheme. Contribution amount for the first month shall be paid in cash for which they will be provided with a receipt.
7. Facilitation Centres: All the branch offices of LIC, the offices of ESIC/EPFO and all Labour offices of Central and State Governments will facilitate the unorganised workers about the Scheme, its benefits and the procedure to be followed, at their respective centers.
In this respect, the arrangements to be made by all offices of LIC, ESIC, EPFO all Labour offices of Central and State Governments are given below, for ease of reference:
1. All LIC, EPFO/ESIC and all Labour offices of Central and State Governments may set up a “Facilitation Desk” to facilitate the unorganised workers, guide about the features of the Scheme and direct them to nearest CSC
2. Each desk may consist of at least one staff.
3. They will have backdrop, standi at the main gate and sufficient number of brochures printed in Hindi and regional languages to be provided to the unorganised workers.
4. Unorganised workers will visit these centres with Aadhaar Card, Savings bank account/Jandhan account and mobile phone.
5. Help desk will have onsite suitable sitting and other necessary facilities for these workers.
6. Any other measures intended to facilitate the unorganised workers about the Scheme, in their respective centers.
8.Fund Management: PM-SYM will be a Central Sector Scheme administered by the Ministry of Labour and Employment and implemented through Life Insurance Corporation of India and CSC eGovernance Services India Limited (CSC SPV). LIC will be the Pension Fund Manager and responsible for Pension pay out. The amount collected under PM-SYM pension scheme shall be invested as per the investment pattern specified by Government of India.
Requirements for Enrolment
A Mobile Phone.
Savings Bank/Jan Dhan Account.
Aadhaar Number.
PMSYM Registration
As of now, the applicant may visit the nearest CSC (Common Services Center) and submit the required details to get enrolled.
How To Find CSC center In your city
VLE will register the beneficiary electronically on the system.
A beneficiary has to pay 1st instalment in cash to CSC.
Now Shram Yogi Pension Number will be generated.
VLE will print & handover the Shram Yogi card to the beneficiar
