Millions of workers in the country lack PF or pension coverage. Addressing this problem, the central government launched the Pradhan Mantri Shram Yogi Maan-Dhan Yojana (PM-SYM). This is a remarkable government pension scheme that guarantees unorganized sector workers a monthly pension of ₹3,000 after the age of 60, ensuring a secure and self-reliant old age.
Our country has millions of laborers who toil daily to support their families. These include rickshaw pullers, street vendors, domestic workers, or construction workers. All of them are part of the unorganized sector. They have neither permanent jobs nor a provident fund (PF) nor pension benefits. As they age, their work capacity diminishes and their income decreases, leading to financial difficulties in old age.
What is the Pradhan Mantri Shram Yogi Maan-Dhan Yojana
This is a voluntary pension scheme, meaning you can join it voluntarily. Under this scheme, you have to deposit a small amount every month. Most importantly, the Central Government will also deposit an equal amount into your account. This scheme is a support for your old age. Depending on your age, your monthly contribution can be very low, from just ₹55 (at age 18) to ₹200 (at age 40). When you turn 60, you will start receiving a guaranteed pension of ₹3,000 per month for life. This scheme is run by the Life Insurance Corporation of India (LIC), which ensures the complete security of your money.
Who can join this wonderful scheme
The Pradhan Mantri Shram Yogi Maan-Dhan Yojana is specifically for all workers in the unorganized sector whose monthly income is ₹15,000 or less. This could include millions of hardworking people, such as rickshaw or auto drivers, street vendors, vegetable and fruit vendors, domestic workers, construction workers, cobblers, tailors, washermen, plumbers, electricians, agricultural laborers, fishermen, and small shopkeepers. (Note: Those already in the organized sector, receiving PF or ESIC benefits, or paying income tax are not eligible for this scheme.)
How to Apply
The application process for this scheme is extremely simple. All you need to do is visit the nearest Common Service Center (CSC) with your Aadhaar card and bank passbook (or Jan Dhan account). There, you will be verified using your biometric fingerprint or OTP, and an online form will be filled out.
You will need to deposit the first installment in cash, after which auto-debit will be activated from your bank account, so that the monthly amount is automatically deducted. You will receive your Pradhan Mantri Shram Yogi Maan-Dhan card upon completing your registration.
What to do for more information
If you prefer to apply online, you can register by visiting the website maandhan. In. You can also call the toll-free number 1800 267 6888 for any information about this scheme. This scheme is a boon for millions of hardworking people who dedicate their entire lives to serving others. With a little savings and matching government contributions, you can ensure a secure and dignified old age.