PM Shram Yogi Maandhan Yojana

PM Shram Yogi Maandhan Yojana: PM Shram Yogi Maandhan Yojana Eligibility, Benefits

PM Shram Yogi Maandhan Yojana: The Government of India has recently launched an innovative pension program called Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) to provide financial security for unorganized workers in their later years. This scheme aims to offer comprehensive support and ensure that these workers, who do not have any formal organizational affiliations, have access to a reliable pension system that safeguards their wellbeing during old age.

Disorderly laborers consist of individuals engaged in a range of occupations such as home-based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless laborers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio-visual workers, and various others. These workers typically earn a monthly income of Rs 15,000/ or less and fall within the age range of 18-40 years.

Name Of the Scheme : Pradhan Mantri Shram Yogi Maandhan Yojana

Announcement Of Yojana : 1 February 2019

Starting Of Yojana : 15 February 2019

Beneficiary : Unorganized Workers Of India

Pension Amount : Rs. 3000/-

Debate Amount : 55 to 200 Rs. Per Month

Application Mode : Online/Offline

Yojana Status : Available

Official website https://maandhan.in/shramyogi

PM Shram Yogi Maandhan Yojana Eligibility

A disarrayed employee is mandatory.
Age range should be restricted to individuals aged 18 to 40.
The maximum allowable limit for your monthly earnings stands at Rs 15000.
It is crucial to ensure that no registrations for EPF, NPS, or ESIC are present.
Being a subscriber should not result in one being liable to pay income tax.
To be eligible, the subscriber needs to possess either an Aadhaar card along with a Savings Bank Account, or alternatively, a Jan Dhan account.

PM Shram Yogi Maandhan Yojana Benefits

Upon reaching the age of 60, every individual enrolled in the PM-SYM is entitled to a guaranteed monthly pension of Rs 3000/-.
In the event of the subscriber’s demise, the spouse shall be granted a family pension equal to half of the subscriber’s entitlement.

How to Apply PM Shram Yogi Maandhan Yojana

Step 1: Individuals who meet the criteria of interest and eligibility are required to make a visit to the CSC center located closest to their location.

Step 2: Below mentioned are the essential conditions that must be met before commencing the enrollment procedure:

Aadhaar Card
Savings/Jan Dhan Bank Account details along with IFSC Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account )

Step 3: The Village Level Entrepreneur (VLE) will receive an initial cash contribution as their starting amount.

Step 4: To authenticate, the VLE will input the Aadhaar number, subscriber’s name, and date of birth exactly as they appear on the Aadhaar card.

Step 5: The VLE’s task is to input all the necessary information for online registration, including Bank Account details, Mobile Number, Email Address, details about spouse (if applicable), and information about the nominee.

Step 6: Eligibility criteria shall undergo self-declaration.

Step 7: The Subscriber’s age is used by the system to automatically determine the monthly contribution that needs to be paid.

Step 8: The initial payment for the subscription will be made in cash by the subscriber to the VLE.

Step 9: The subscriber will receive a printed Enrollment cum Auto Debit mandate form which they must sign. Afterwards, the VLE will scan and upload the form into the system.

Step 10: The issuance of a distinctive Shram Yogi Card will involve the generation of a one-of-a-kind Shram Yogi Pension Account Number (SPAN).

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