Poverty is still in the country. Many workers worry about old age. They ask who will help them. Now the worry is over. The government started a scheme for workers.

The scheme name is Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM). In this scheme, workers get ₹3,000 pension every month after 60 years. This scheme is for small farmers, cart pullers, rickshaw pullers, daily wage workers, and house workers.

The goal of the government is to give money help to workers in old age. Now let us see who can join and how to apply.

PM-SYM Pension Scheme: ₹3,000 Every Month for Workers

PM-SYM was started by the Central Government in the Interim Budget 2019. The aim of this scheme is to give pension to unorganized workers. These workers have no retirement fund and no fixed income. This scheme gives them money support in old age.

Main Features of the Scheme

  • Pension Amount: After 60 years, workers get ₹3,000 every month.

  • Government Help: The government pays the same amount as the worker’s contribution.

  • Contribution Amount: Workers pay between ₹55 to ₹200 per month, based on age.

  • Family Pension: After the worker’s death, the spouse will get 50% of the pension.

  • Exit Option: Workers can leave the scheme anytime.

Who Runs It: LIC of India runs the scheme.

Who Can Join the Scheme?

  • Age: 18 to 40 years.

  • Income: ₹15,000 per month or less.

  • Workers Covered: Street vendors, rag pickers, rickshaw pullers, daily wage workers, house workers, farm workers, weavers, fishermen, leather workers, etc.

  • Not Allowed: People already in EPF, ESIC, or NPS.

  • No Tax: Should not pay income tax.

  • Other Pension: Should not get any other government pension.

Documents Needed

  • Aadhaar card

  • Mobile number linked with Aadhaar

  • Savings bank account or Jan Dhan account with IFSC code

  • Why This Scheme is Important
  • 90% of India’s workers are in the unorganized sector.

  • Most do not have pension or savings.

  • This scheme gives old-age income security.

  • Poor workers like daily wage earners or small farmers can also join.

  • The family gets support too, as the spouse receives half the pension after the worker’s death.

How to Apply

  1. Go to the nearest CSC with Aadhaar card and bank details.

  2. Do biometric verification.

  3. The CSC operator will fill the online form.

  4. Pay the first contribution in cash at the CSC.

  5. Auto-debit will start from your bank account.

  6. Get your PM-SYM card after registration.

  7. You can also apply online at the Maandhan portal.