What is Pradhan Mantri Shram Yogi Maandhan Yojana

Pradhan Mantri Shram Yogi Maandhan Yojana: An Introduction

Pradhan Mantri Shram Yogi Maandhan Yojana

This scheme is a very important scheme run by the Government of India, this scheme has been run by the famous Prime Minister of India, Mr. Narendra Modi, the benefit of this scheme was given to all sections of society and people of all castes. This scheme is one of the many schemes being run by the Government of India, whose benefits are being received by every citizen of India, irrespective of religion, caste or class.

all of them are taking advantage of this scheme. Explains how we have to take advantage of it, what is this scheme, what should be the benefit of the beneficiary for this scheme, what documents should he have, what standards have been set to take advantage of this scheme . What conditions have been created, which people will get full benefit of this scheme, etc.

  • In an effort to provide social security to the unorganized workers of India, the Indian government launched the Pradhan Mantri Shram Yogi Maandhan Yojana (PMSYM) on 15th February 2019. This pension scheme aims to ensure the financial security of workers in the unorganized sector during their old age.
  • The unorganized sector accounts for around 93% of the total workforce in India.
  • This sector includes various small-scale industries, agricultural workers, construction workers, street vendors, and domestic helpers, among others.
  • These workers, who do not have access to any formal social security schemes, face financial difficulties during old age or in case of a medical emergency. The PMSYM aims to address this issue and provide financial security to such workers.

Eligibility Criteria

  • To be eligible for the PMSYM, a worker must be between 18 and 40 years of age and should have a monthly income of up to Rs. 15,000.
  • The worker should not be covered under any other social security scheme, such as the National Pension Scheme (NPS), EmployeesProvident Fund (EPF), or the Employees’ State Insurance Corporation (ESIC).
  • The worker should also have a valid Aadhaar card and savings bank account.

Enrollment Process

  • The enrollment process for the PMSYM is simple and hassle-free.
  • Interested workers can enroll themselves through their nearest Common Service Centre (CSC) or the PMSYM portal.
  • To enroll, the worker needs to fill up a registration form and provide their Aadhaar card number, savings bank account details, and mobile number.
  • Once the enrollment process is complete, the worker will receive a PMSYM pension card, which will have all the details of the scheme and the pension amount.

Contribution and Pension Amount

  • Under the PMSYM, the worker needs to contribute a certain amount every month, depending on their age at the time of enrollment.
  • For instance, a worker who enrolls at the age of 18 needs to contribute Rs. 55 per month, while a worker who enrolls at the age of 40 needs to contribute Rs. 200 per month. The government also contributes an equal amount to the worker’s pension fund.
  • Upon reaching the age of 60, the worker will be eligible to receive a monthly pension of Rs. 3000. In case of the worker’s death, the spouse of the worker will be eligible to receive 50% of the pension amount as a family pension.

Benefits of PMSYM

  • The PMSYM has numerous benefits for the workers in the unorganized sector. Firstly, it provides financial security during old age and in case of a medical emergency.
  • This scheme ensures that the workers do not have to depend on their children or relatives for financial support. Secondly, the enrollment process is hassle-free, and the contribution amount is affordable, making it accessible to a large number of workers.
  • Lastly, the pension amount of Rs. 3000 per month is a significant amount for workers in the unorganized sector, who generally do not have any form of social security.

Challenges and Criticisms

  1. While the PMSYM is a welcome initiative, there are certain challenges and criticisms that need to be addressed.
  2. Firstly, the enrollment process needs to be more streamlined and accessible to workers in remote areas.
  3. Secondly, the pension amount of Rs. 3000 per month may not be sufficient for workers in some parts of the country, where the cost of living is high.
  4. Lastly, the scheme needs to ensure that the workers’ contributions are secure and that they receive their pension on time.

Beneficiary and scheme information in Pradhan Mantri Shram Yogi Maan-Dhan (PM SYM)?

42 crore workers work in the unorganized sector of the country. Home workers,

  • street vendors
  • mid-meal workers
  • head-load workers
  • brick kiln workers
  • tanners, rag pickers
  • domestic workers
  • washermen
  • rickshaw pullers

in the age group of 18 – 40 years are eligible for this scheme.

  • Drivers
  • landless labourers
  • agricultural labourers
  • construction workers
  • beedi workers
  • handloom workers
  • leather workers
  • audio-video workers and workers of similar occupations

whose monthly income is Rs.15, 000 per month or less. The eligible person should not be covered 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.


Q.1.    What are the exit provisions?

Ans. The exit provisions are flexible. Considering the hardships and erratic nature of employability of the unorganised workers.

Exit provisions are as under:

  •   If beneficiary moves to any organized sector and remains there for a minimum period of 3 years, his account will be active but Government’s contribution (50%) shall be stopped.
  • If beneficiary agrees to pay entire amount of the contribution, he will be allowed to continue in this Scheme.
  • At the age of 60, he will be allowed to withdraw his contribution with an interest equivalent to prevailing savings bank rates.
  •   If he is unable to contribute owing disability or any other reasons, beneficiary may opt voluntarily to exit the scheme after minimum 5 years of regular contributions.

            On exit, his entire contribution (excluding govt. contribution) will be returned with an interest equivalent to savings bank rates.

Q.2. what is the mode of contribution?


  •  Primarily, the mode of contribution is on monthly basis by auto-debit. 
  • It will also have provisions of quarterly, half yearly and yearly contribution. 
  • First contribution is to be paid in cash at Common Service Centre.

Q.3.    Whether there is auto-debit facility?

Ans.     Yes. Monthly subscription shall be automatically debited on a fixed date of every month from his/her linked saving account.

Q.4.  nomination facility is there yes/no ?

Ans.      Yes, nomination facility is available under the scheme . Beneficiary make any one as nominee under the scheme.

Q.5.     How much time will it take to roll out the scheme across India?

Ans.      The scheme will be rolled out w.e.f 15th Feb, 2019 in selected CSCs and by 25th February, 2019 all across India.

Q.6     subscriber get a statement of the deposit yes/no?

Ans.      subscriber will get SMS as mini statement on each transaction on his mobile.

Q.7.    What happens in case of death before the start of pension?


  •   In such an event, if a beneficiary has given regular contribution and died due to any cause, his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution for the remaining period.
  • On completion of the contribution period, the spouse will   receive a monthly pension of Rs. 3000/-. Alternatively,  
  • The spouse so desires, the amount of the member’s contribution will be returned back to his/ her nominee with an interest equivalent to saving bank rates interest.

Q.8. Subscriber make voluntary contribution over and above the amount prescribed under the Scheme? If so, what will be the benefits to the Subscriber?

Ans.     The subscriber has to make only the fixed amount of contribution, as prescribed at the time of joining the Scheme.

Q.9.     Will there be any additional charge in case of any breaks in contribution by the subscriber?  If so, what will be the quantum of additional charges?

  • subscriber has not paid the contribution continuously.
  • He will be allowed to regularize his contribution by paying entire outstanding dues, along with penalty charges.
  • To be decided by the Government from time to time.

Q.10      Subscriber required to pay the monthly contribution till the age of 60 years yes/no?

Ans.      Yes.  After joining the Scheme, the subscriber has to pay the prescribed monthly contribution till the age of 60 years. 

Q.11 subscriber dies and his/her spouse opts to continue the Scheme by payment of contribution, whether the contribution is to be paid for remaining years of subscriber or till the spouse attains the age of 60 years?

Ans.  the contribution will be paid for the remaining/balance period till the original subscriber would have attained the age of 60.

Q.12      Whether the subscriber has to submit his photograph at the time of registration?

Ans.      No need of any photograph.

Q.13      What is the due date for member’s monthly contribution?

Ans.      The date of enrolment every month.

Q.14 Is there a provision for migration of the pension account if the worker changes the linked bank account for auto debit?

Ans.      No, migration is required, the pension account number will be unique and will be linked to the bank account of the Subscriber.

Q.15      Is the SMS language in regional language of the State or in English/Hindi only?

Ans.      The SMS will be sent in English/Hindi Language.

Q.16     If any State has not registered unorganised worker under UWSSA 2008, can the process of enrolment under this Scheme deemed to be registration process under Section 10(3) of the Act?

Ans.      No. Registration under Section 10(3) and enrollment under the scheme are separate processes.

Q.17.      What is PM-SYM?

Ans.     Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) is a voluntary and contributory Pension Scheme for Unorganized Workers for entry age of 18 to 40 years with monthly income of Rs.15000 or less.

Q18.       How many years the beneficiary will contribute?

Ans.      Once the beneficiary joins the scheme at the entry age between 18-40 years, he has to contribute till he attains the age 60 years

Q19.       What will be the procedure for joining this scheme?

Ans. Under the scheme, the subscriber, may visit the nearest Common Service Centre and get enrolled for PM-SYM using Aadhar number and savings bank account/Jan-Dhan account number

on self-certification basis. All the branch Offices of LIC, offices of EPFO/ESIC will also facilitate the subscribers about the scheme, its benefits and the procedure to be followed, for enrollment. They will also advise them on locating the nearest CSC.

Q.20.     Whether I have to give proof of my date of birth and income?

  • Ans.No separate proof of age or the income has to be given. Self Certification and providing of the Aadhaar number will be the basis for enrollment.
  • case of any false declaration, may attract appropriate penalty.

Q.21      Is there any provision for availing interim loan for education, marriage and construction.

Ans.      No such loan facility is available in the Scheme.

Q.22      Whether beneficiaries under Atal Pension Yojana can avail benefits under PMSYM?

Ans.      Yes. One can join PM-SYM also in addition to Atal Pension Yojana, if eligible.

Q.23      What would be the modality for Aadhar based authentication /E-KYC?

Ans.      Through biometrics.

Q.24      Is the E-card can be downloaded again in case of loss/damage, etc.?  Whether any charges are to be paid for the same?

Ans.      Yes the E-card can be downloaded in case of loss or damage.

Q.25 Whether the downloaded filled up application form will suffice for bank auto debit purpose – worker will not need to fill up any other form in the bank?

Ans.      The form has a section for the consent of the auto debit from his account, hence no other form is required.

Q.26      In case of worker having more than one spouse, which spouse would be declared as nominee and who will get the family pension?

Ans.      The spouse who is nominated by the subscriber will be entitled to receive the family pension. However, in case of rival claimants, court order will prevail.

Q.27      Is the SMS language in regional language of the State or in English/Hindi only?

Ans.      The SMS will be sent in English/Hindi Language.

Q.28      Is the E-card can be downloaded again in case of loss/damage, etc.?  Whether any charges are to be paid for the same?

Ans.      Yes the E-card can be downloaded in case of loss or damage.

Q.29      Is there any provision for availing interim loan for education, marriage and construction. ?

Ans.      No such loan facility is available in the Scheme.

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