Around 30 lakh workers enrolled under PM Shram Yogi Maandhan Scheme

Around 30 lakh workers enrolled under PM Shram Yogi Maandhan Scheme

Around 30 lakh workers enrolled under PM Shram Yogi Maandhan Scheme

According to the Union Government that total 30 lakh 85 thousand 205 persons have been enrolled under Pradhan Mantri Shram Yogi Maandhan Scheme, PM-SYM, till  July 10, 2019.

This scheme assures the minimum monthly pension of 3000 rupees to the beneficiaries after attaining the age of 60 years.

Key points of PM Shram Yogi Maandhan Scheme

Government of India in February 2019 launched the Pradhan Mantri Shram Yogi Maandhan (PM-SYM), a voluntary and contributory pension Scheme, for the benefit of unorganised workers, as per the eligibility.

The scheme assures minimum monthly pension of Rs. 3000/- to the beneficiaries after attaining the age of 60 years. Under the Scheme, the subscriber is required to pay the prescribed monthly contribution amount and the Central Government provides the equal matching contribution. This scheme is implemented through Life Insurance Corporation of India.