The Pradhan Mantri Shram Yogi Mandhan Yojana (PMSYM) is one of the most important social security schemes started by the Government of India for workers in the unorganized sector. People working as daily wage laborers, street vendors, domestic workers, farmers, and small shopkeepers often face financial difficulties in their old age because they don’t have any regular income or savings.
To solve this problem, Prime Minister Narendra Modi launched the PM Shram Yogi Mandhan Yojana, under which eligible workers will receive a monthly pension of ₹3000 after the age of 60 years. This scheme is specially designed to give financial security and stability to poor and middle-class workers in their old age.
If you are also working in the unorganized sector, you can register yourself in this scheme and secure your future. Let’s understand the eligibility, benefits, required documents, and application process in detail.
What is PM Shram Yogi Mandhan Yojana?
The PM Shram Yogi Mandhan Yojana is a government pension scheme run with the support of the Life Insurance Corporation of India (LIC). Under this scheme:
- Workers between the age of 18 years to 40 years can join.
- The beneficiary has to pay a small monthly premium, which may range from ₹55 to ₹200 depending on age.
- After completing 60 years of age, the registered worker will receive a monthly pension of ₹3000 for life.
- After the death of the beneficiary, the spouse will receive ₹1500 per month as a family pension.
This makes the scheme a lifelong financial support system for poor and unorganized workers.
Key Benefits of PM Shram Yogi Mandhan Yojana
- ₹3000 Monthly Pension
- After turning 60 years old, the beneficiary will receive a fixed pension of ₹3000 every month.
- Family Pension After Death
- In case the beneficiary passes away, the wife/husband will continue to receive ₹1500 per month.
- Affordable Premium
- Workers only need to pay a very small monthly premium starting as low as ₹55. The government also contributes the same amount as your premium.
- Secure Old Age
- No need to depend on others during old age, as the scheme guarantees a regular income for life.
- Withdrawal Option
- If a person withdraws before 10 years, they will get back only the principal amount with interest.
- If they withdraw after 10 years but before 60 years, they will receive the total amount along with interest as per rules.
Who Can Apply for PM Shram Yogi Mandhan Yojana?
The scheme is meant for people working in the unorganized sector with a monthly income of less than ₹15,000. Some eligible categories include:
- Small and marginal farmers
- Fishermen
- Animal keepers
- Cobblers and tanners
- Weavers
- Cleaning workers (sanitation workers)
- Migrant laborers
- Domestic workers (maids, helpers, cooks, etc.)
- Fruit and vegetable sellers
- Rickshaw pullers and street vendors
Documents Required for Registration
To apply for the PM Shram Yogi Mandhan Yojana, you need the following documents:
- Aadhaar Card
- Bank Passbook / Bank Account Details
- Address Proof
- Mobile Number
- Passport Size Photograph
- Email ID (optional)
- PAN Card (if available)
How to Apply for PM Shram Yogi Mandhan Yojana?
The registration process is very simple and completely free. Here’s how you can apply:
- Visit the Nearest Common Service Center (CSC):
- Take all your required documents (Aadhaar, bank details, photo).
- Fill the Application Form:
- The CSC operator will fill in your details online on the PMSYM portal.
- Pay the First Premium:
- You will need to deposit the first installment of your monthly premium.
- Get the Receipt & Pension Card:
- After successful registration, you will receive a Pension Card/Registration Receipt. Keep it safe for future reference.
OFFICIAL WEBSITE :- CLICK HERE
Conclusion
The Pradhan Mantri Shram Yogi Mandhan Yojana is a great initiative for poor and unorganized workers of India. By paying a very small premium every month, you can ensure a lifetime pension of ₹3000 per month after 60 years. This will not only make you financially independent in your old age but will also provide security to your family after your death.