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Wednesday, 23 September 2020

Pradhan Mantri Shram Yogi Man-Dhan (PM-SYM) Scheme

Pradhan Mantri Shram Yogi Man-Dhan (PM-SYM) Scheme

The Ministry of Labor and Employment will launch the Pradhan Mantri Shram Yogi Man-Dhan (PM-SYM) scheme. 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

Pradhan Mantri Shram Yogi Man-Dhan (PM-SYM) Scheme


The scheme, which was announced in the interim budget, has been notified recently.  42 crore workers work in the unorganized sector of the country.

Eligible workers in the age group of 18 to 40 years are street workers, street vendors, midday meal workers, head lift workers, brick kiln workers, cobblers, garbage pickers, domestic workers, laundresses, rickshaw pullers, landless, farm laborers, construction workers.  

There will be laborers, BD makers, handloom laborers, leather laborers, audio-video laborers and other such occupants whose monthly income is Rs.  15,000 or less.  

The person eligible for the scheme should not be involved in any way under the benefits of New Pension Scheme (NPS), Employees State Insurance Corporation (ESIC) Scheme or Employees Provident Fund Organization (EPFO) and should not be an income tax payer.


The main features of PM-SYM are as follows:


Minimum Fixed Pension: 

Under PM-SYM, every pensioner has to pay a minimum of Rs.  

Family pension: 

If the pensioner dies while receiving the pension, the spouse will get 50% of the pension received by the beneficiaries in the form of family pension.  

Family pension is applicable only in case of spouse.3.  

If the beneficiary is given a regular share and dies for any reason (before the age of 60), the spouse of the beneficiary can continue the scheme by joining the scheme and giving a regular share or exit the scheme as per the provision of exit from the scheme  

Contribution by the holder:

The contribution of the holder will be made from the savings account / Jan Dhan account of his bank through "Auto Debit" facility.  

The holder has to pay a fixed amount up to 60 years of age from the time of joining the PM-SYM scheme.

Central Government Holder Contribution: PM-SYM is a voluntary and contribution pension scheme based on a ratio of 50:50, in which the fixed age special contribution will be made by the beneficiary and the central government will provide equal share as per the table.  

For example, if a person is 29 years of age, he will pay a share of Rs. 100 per month till the age of 60, then the Central Government will deposit a share of Rs. 100 on its own.


List of services which are provided by common service centers

Government to consumers:- here we can provide a list of services which are provided by a government to their citizens. You need to check all services needed at the time of the at CSC center. The CSC center can play a vital role in citizen’s life so they can easily apply all type of services in one place. You need to take a look here with its name.

Insurance Services

  • Premium Collection Services of LIC, SBI, ICICI Prudential, AVIVA DHFL and Other Insurance Companies
  • E-Nagrik & E- District Services (Birth/ Death Certificate)
  • Pension Services
  • NIOS Registration
  • Apollo Telemedicine
  • NIELIT Services
  • Aadhar Printing and Enrollment
  • PAN Card
  • Electoral Services
  • E-Courts and Results Services
  • State Electricity and Water Bill Collection Services
  • IHHL Project of MoUD (Swachh Bharat)
  • Digitize India
  • Cyber Gram
  • Services of Department of Post

home-based workers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio – visual workers or in similar other occupations.

Eligibility Criteria

  • Should be an unorganised worker (UW)
  • Entry age between 18 and 40 years
  • Monthly Income ₹15000 or below
  • Should not be
  • engaged in Organized Sector (membership of EPF/NPS/ESIC)
  • an income tax payer
  • He/ She should possess
  • Aadhar card
  • Savings Bank Account / Jan Dhan account number with IFSCComplete Enrolment Process

Important Quetions 

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Read Details And Official Press Note::

Contribution by the Subscriber: The subscriber’s contributions to PM-SYM shall be made through ‘auto-debit’ facility from his/ her savings bank account/ Jan- Dhan account. The subscriber is required to contribute the prescribed contribution amount from the age of joining PM-SYM till the age of 60 years. The chart showing details of entry age specific monthly contribution is as under:


Pradhan mantri shram yogi maan-dhan yojana apply online: Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maan- dhan (PM-SYM)



Registration under PM-SYM scheme:


The subscriber is required to have a mobile phone, a savings account in a bank and an Aadhaar card.  

Eligible subscribers can register for PM-SYM by going to the nearest Community Service Center (CSC - Community Service Center) and verifying the Aadhaar number and Savings Bank account / Jan Dhan account number.

The subscriber will then be given the facility to go to the PM-SYM web portal and download the mobile app and the subscriber can register using Aadhaar number / self-certified Aadhaar using Savings Bank Account / Jandhan Account.

Read also::


Registration Institutions: 

Registration will be done through Community Service Center (CSC).  

Unorganized workers can register for the scheme by going to the nearest CSC with Aadhar Card and Savings Bank Account, Passbook / Jan Dhan Account.  

The first month's share will be paid in cash and a receipt will be issued.

Read also this:





Support Center: 

All branch offices of LIC, all offices of ESIC / EPFO ​​and all labor offices of Central and State Governments will be informed about the scheme, benefits and procedures of unorganized workers.

In this regard, the following arrangements will be made by all the offices of LIC, ESIC, EPFO ​​and all the Labor Offices of the Central and State Governments:

All offices of LIC, EPFO ​​/ ESIC and Central and State Labor Offices will set up help desks to assist unorganized workers, provide information on scheme specifications and send workers to the nearest CSC. Each support desk will have at least one employee.  

There will be sufficient number of brochures in Hindi and regional languages ​​to provide information to unorganized workers. CSC will go with unorganized labor Aadhaar card, savings bank account / Jan Dhan account and mobile phone.  Another remedy.


Provision of Funds: 

PM-SYM is a scheme of the Central Government, administered by the Ministry of Labor and Employment and implemented through Life Insurance Corporation of India (LIC) and CSC.  

LIC will be the pension fund manager and will be responsible for pension payments.  

The amount raised under the PM-SYM Pension Scheme will be invested in accordance with the investment methods proposed by the Government of India.


Withdrawal from the scheme and withdrawal of registration: 

The provision of withdrawal from the scheme has been kept flexible in view of the uncertain nature of employment of unorganized sector workers.


The exit provision from the scheme is as follows:


If the subscriber withdraws from the scheme in less than 10 years, only the beneficiary's share will be given along with the savings bank interest rate.  

The total amount will be refunded along with the interest accrued by the bank or the savings interest of the bank, whichever is higher.  

Or the actual interest accumulated by the fund or the savings rate of the bank, whichever is higher, can be withdrawn from the scheme by giving a share to the beneficiary.  

If unable to do so, the spouse may continue the scheme by paying a regular share or the beneficiary's share with the actual interest accrued by the fund or the bank's savings interest rate, whichever is higher.  

The entire amount will be credited to the fund after the death of both the subscriber and his / her spouse. 

Any other provision decided by the government on the advice of NSSB


Failure to provide


If the subscriber does not pay his / her contribution continuously, he / she will be allowed to regularize the payment by paying the full arrears along with the amount fixed by the government.


Payment of pension:


Joining the scheme at the age of 18 to 40 has to be provided to the beneficiary till the age of 60.  Upon reaching the age of 60, the subscriber is entitled to a family pension of Rs.  You will get a fixed monthly pension of Rs.


Doubts and clarifications: 

In case of any doubt regarding the scheme, the clarification made by JS & DGLW will be final.

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