In this information, we will cover all the questions related to Pradhan Mantri Shram Yogi Maandhan Yojana (Pm-sym Pension Yojana), in this we will tell what are the benefits and what are the problems under this Pradhan Mantri Shram Yogi Maandhan Yojana. If you have any problem with this scheme. If there is a related similar question then you can look in this information and get the answer.
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Important questions related to PM Shram Yogi Maandhan Yojana
what is PM-SYM
Pradhan Mantri Shram Yogi Maandhan Yojana (PMSYM) is a voluntary and contributory pension scheme for unorganized workers whose monthly income is ₹15000 or less.
Is PMSYM a government scheme
Yes, Pradhan Mantri Shram Yogi Maandhan Yojana is a government scheme which has been started by the government.
What is the main benefit of PM-SYM scheme
If an unorganised worker subscribes to the scheme and makes regular contribution till the age of 60 years then he is given a minimum monthly pension of ₹3000 or after his death the spouse will get monthly family pension which is 50% of the pension.
For how many years PMSYM beneficiary will have to contribute.
Once the beneficiary joins the scheme at the age of 18 to 40 years, he/she will have to contribute till the age of 60 years.
Who can take advantage of PM-SYM scheme
Any unorganised worker in the age group of 18 to 40 years whose employment is casual in nature such as house-worker, street street head loader, brick kiln, mass rag picker, domestic worker, washerman, rickshaw puller with a monthly income of less than ₹ 15,000 Rural landless laborers own account workers, agricultural workers, construction workers, bidi workers, handloom workers, leather workers, etc.
Employees should not be covered under any statutory social security schemes like National Pension Scheme, NPS Employees State Insurance Corporation Scheme Employees Provident Fund Organization Scheme and He should not be an income tax payer.
How much pension will be available under the Prime Minister Shram Yogi Maandhan Yojana
Under PM-SYM scheme a minimum pension of ₹3000 will be paid per month or the pension will be started on the subscriber attaining the age of 60 years.
Which people cannot take advantage of PM-SYM scheme?
Under Pradhan Mantri Shram Yogi Maandhan Yojana any worker who is covered under any scientific social security scheme like NPS ESIC EPFO and an income tax payer is not entitled to join this scheme.
What is the process to join PMSYM scheme
Under this scheme customers can visit nearest Common Service Center and enroll for PM-SYM on self proof basis using Aadhar Number and Bank Savings Bank Account Jan Dhan Account Number All Branch Offices of LIC EPF The scheme for enrollment in C’s office will also facilitate the customers about its benefits and the process to be taken. He will also advise to locate the nearest CSC.
Do I need to provide proof of my date of birth and income for PMSYM
There will be no separate proof of age or income. Aadhaar for enrollment will be self-attested and Aadhaar number to be provided, however, in case of any false information, appropriate rate of penalty may be levied.
What is Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) Exit Provision
Keeping in view the difficulties and uncertain nature of the employment scheme of Unorganised workers, the provision of exit from this scheme is very simple and auspicious.
- If the beneficiary moves to an organized sector and stays there for a period of at least 3 years then his account will be activated but 50% of the government contribution will be stopped if the beneficiary agrees to pay the full amount of contribution If he is allowed to continue in the scheme, at the age of 60 years, he will be allowed to withdraw his contribution with interest equal to 1 day of prevailing savings.
- In case I am unable to contribute due to disability or any other reason, the beneficiary can opt out of the scheme voluntarily after at least 5 years of regular contribution.
- On exit from this scheme, his entire contribution excluding government contribution will be returned along with interest equal to the savings bank rates.
Will Ashram fund be safe with LIC?
Yes 100% safe The overall responsibility for the management and survey of sleep will rest with the National Social Security Board which is working under the chairmanship of the Hon’ le Union Minister of Labor and Employment.
What will be the Shram Yogi Maandhan Yojana contribution date
Mainly the date of contribution is on monthly basis by auto debit however there will be provision for quarterly, half yearly and annual contribution also in Common Service Centers first contribution is to be paid in cash.
How much to contribute in Shram Yogi Maandhan Yojana
The actual amount of the subscriber’s contribution will be determined on the entry age of the scheme. At the average entry age of 29 years, the beneficiary is required to contribute ₹ 100 per month.
Is Shram Yogi Maandhan Yojana a family pension scheme
Yes, there is a provision of family pension under the scheme. It is applicable only to the spouse of the subscriber. If the unknown person dies then the spouse of the beneficiary will be entitled to receive 50% of the pension after the commencement of the pension.
Will the beneficiary get the deposit amount details
Yes the beneficiary will receive SMS on his/her mobile in the form of mini statement on every Shram Yogi Maandhan Yojana transaction
When was the Prime Minister Shram Yogi Maandhan Yojana started
This scheme was launched on 15th February 2019 by selected CSCs and in February 2019 at all CSC centers across India.
Can PM-SYM people also apply for Atal Pension Yojana?
Yes, if eligible, apart from Atal Pension Yojana, the Prime Minister can also join the Shram Yogi Maandhan Yojana.
What if the beneficiary exits before 10 years
In such a case, only his share of the total contribution along with savings bank interest will be paid to the beneficiary.
What if the beneficiary exits after 10 years but before the commencement of pension
In such a case, the beneficiaries will only be paid his contribution along with accumulated interest and he will not be entitled to receive the share of the government.
What will happen if the beneficiary dies before the start of Shram Yogi Maandhan Yojana pension.
In such a case, if a beneficiary has made regular contribution and dies due to any reason, his/her spouse will be entitled to join Dena for the remaining period by paying regular pension and continue after the completion of the period of contribution. But the spouse will get a monthly pension of Rs 3000.
And if the spouse so desires, does not wish to carry forward that scheme, then the balance amount will be returned to their bank account.
Is there any provision for taking loan for construction of education department?
No such loan facility is available in Pradhan Mantri Shram Yogi Maandhan Yojana.
Where can I go for PM-SYM enrollment
If you want to enroll then for this you can go to your nearest CSCcentral and for locating the nearest CSC center http://locator.csccloud.in/ You can visit the link.
What is PM-SYM Helpline Grievance Redressal Toll Free Number
For any kind of complaint and assistance in PM-SYM, the toll free number is 18002 676 888 by calling on which PM-SYM related information and complaint can be made.
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