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Monday, 22 March 2021

PM-SYM : A pension scheme for unorganised Workers

 PM-SYM : A pension scheme for unorganised Workers, Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) to ensure old age protection for Unorganised Workers.

If your monthly income is less than Rs 15,000 and you are under 40 years of age, you can avail this scheme of Modi government and get 3000 pension per month. Let us know.

The name of this scheme is Pradhan Mantri Shram Yogi Mandhan Yojana. The government’s scheme is for workers in the unorganized sector. The Central Government launched the Pradhan Mantri Shram Yogi Mandhan Yojana in the year 2019. The government’s target is for at least 100 million workers in the unorganized sector to benefit from the scheme in the next five years. This is a government guaranteed pension scheme. By joining this scheme, after the age of 60, one can get a pension of Rs. 3000 per month.

Unorganised workers Like home based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, rickshaw pullers, landless labourers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio- visual workers and similar other occupations whose monthly income is Rs 15,000/ per month or less and belong to the entry age group of 18-40 years.

PM-SYM Eligibility

  1. Must be an unorganised worker
  2. Must be between 18 and 40 years old
  3. Your monthly income must be below Rs 15000
  4. Must not have any EPF, NPS or ESIC registrations
  5. subscriber should not be an income tax payer.
  6. subscriber Must have Aadhaar card and Savings Bank Account or a Jan Dhan account


  1. Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
  2. if the subscriber dies, the spouse of the subscriber shall be entitled to receive 50% family pension.

PM-SYM : Entry Age Specific Monthly Contribution

Entry AgeSuperannuation AgeMember’s  monthly contribution (Rs)Central Govt’s  monthly contribution (Rs)Total monthly contribution  (Rs)
(1)(2)(3)(4)(5)= (3)+(4)
3060105105 210

In fact the scheme has been launched to provide financial security to the elderly. The amount you deposit in this scheme every month, the same amount the government will deposit in your pension account. Your monthly income should not be more than 15 thousand to join this plan. Otherwise you will not get the benefit of this scheme.

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CSC Locator: locator.csccloud.in

These people can take advantage

The age for registration under Pradhan Mantri Shram Yogi Mandhan Yojana should be between 18 to 40 years. Especially housewives, drivers, plumbers, cobblers, tailors, rickshaw pullers, laundresses and farmers will also be able to take advantage of it. According to government figures, about 42 crore people in the country are working in the unorganized sector.

You have to contribute to this scheme according to your age. The younger the age of the member, the less their contribution will be. If one joins the scheme at the age of 18, he will have to deposit Rs 55 per month. Similarly, at the age of 29, one has to pay Rs 100 and at the age of 40, Rs 200. This is the maximum contribution. This amount has to be deposited till the age of 60 years. The same amount of premium will be credited, the same amount will be credited by the government in the name of the member.

Read Details In Gujarati : CLick Here

What documents are required for registration?

These three documents will be required for registration under Pradhan Mantri Shram Yogi Mandhan Yojana.

  • aadhar card
  • Savings or Jan Dhan account with IFSC
  • Valid mobile number

How to Apply PM-SYM

Step 1: Interested eligible person shall visit nearest CSC centre.

Step 2: Following are the prerequisites for the enrollment process:

  1. Aadhaar Card
  2. 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: Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).

Step 4: The VLE will key-in the Aadhaar number, Name of subscriber and Date of birth as printed on aadhaar card for authentication.

Step 5: The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, Spouse (if any) and Nominee details will be captured.

Step 6: Self-certification for eligibility conditions will be done.

Step 7: System will auto calculate monthly contribution payable according to age of the Subscriber.

Step 8: Subscriber will pay the 1st subscription amount in cash to the VLE.

Step 9: Enrollment cum Auto Debit mandate form will be printed and will be further signed by the subscriber. VLE will scan the same and upload it into the system.

Step 10: A unique Shram Yogi Pension Account Number (SPAN) will be generated and Shram Yogi Card will be printed.

Important Links::: 

PM-SYM Apply Link [maandhan.in]

  1. Self Enrollment (using Mobile number & OTP)
  2. CSC VLE (using CSC connect) : Quick Guide PDF Link


Q. 1 : What is Pradhan Mantri Shram Yogi Maandhan Yojana? : Pradhan Mantri Shram Yogi Maandhan is a voluntary and contributory Pension Scheme for Unorganized Workers for entry age of 18 to 40 years with monthly income of Rs.15000 or less.

Q. 2 : Who can subscribe this Scheme? : Any unorganized worker

Q. 3 : How much pension would be received under the Scheme? At what age? : Per Month 3000 Age of 60

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