Related Frequently Asked Question and Answers
Q1: When was Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) launched?
Answer: In February 2019, Prime Minister Narendra Modi launched Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) under the Ministry of Labour and Employment. It was launched in Vastral, Gujarat.
Q2: What is the pension amount given to a beneficiary after retirement under the PM SYM Yojana?
Answer: Beneficiaries are given an assured monthly income, with each beneficiary receiving a minimum assured pension of Rs 3000/- per month after reaching the age of 60.
Q3: What is the share of the contribution made by Subscribers and the Government in the PM SYM Yojana?
Answer: In this scheme, the beneficiary will make the required age-specific contribution and the Central Government will match it on a “50:50 basis.”
Q4: What is the Aim of the Pradhan Mantri Shram Yogi Maan-Dhan Yojana?
Answer: Pradhan Mantri Shram Yogi Maan-Dhan is a central sector initiative established to protect the aged and provide social security to unorganized workers (UW). This initiative aims to help around 42 million workers in the country’s unorganized sector. The initiative is aimed to help workers in the unorganized sector, such as street vendors, rickshaw pullers, agricultural laborers, mid-day meal workers, construction workers, and others.
Q5: On the death of subscribers, who can avail of the benefit of PM SYM Yojana?
Answer: If the beneficiary dies while receiving the pension, the spouse is entitled to half of the beneficiary’s income as a family pension.
Pradhan Mantri Shram Yogi Maan-Dhan Yojana
In February 2019, Prime Minister Narendra Modi launched Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) under the Ministry of Labour and Employment. It was launched in Vastral, Gujarat. The largest pension scheme in the world is PM-SYM. Pradhan Mantri Shram Yogi Maan-Dhan is a central sector initiative to protect the aged and provide social security to unorganized workers (UW). This initiative aims to help around 42 crore workers in the unorganized sector of the country.
The initiative is aimed to help workers in the unorganized sector, such as street vendors, rickshaw pullers, agricultural laborers, mid-day meal workers, construction workers, and others. After attaining the age of 60, the beneficiary would be entitled to an assured monthly pension of Rs 3000/- per month, After the beneficiary’s death, half of the pension is paid to the beneficiary’s spouse as a family pension.