Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

About Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

Pradhan Mantri Shram Yogi Maandhan is a government scheme which is launched for old age protection and social security of Unorganized Workers (UW)by the Indian government.

Unorganized Workers (UW) are mostly engaged as home based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, rickshaw pullers, landless laborers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio- visual workers or workers in similar other occupations. There are approximately 42 crore such Unorganized workers in the country.

Objective Of This Scheme

• Providing old age pension protection and social security to the unorganized working community

Eligibility Criteria

• For Unorganized Worker (UW)
• Entry age between 18 to 40 years
• Monthly Income Rs 15000 or below

Should not be

• Engaged in Organized Sector (member of EPFO/NPS/ESIC)
• An income tax payer

features Of this scheme

• On the maturity of the scheme, an individual will be entitled to obtain a monthly pension of Rs 3000/-. The pension amount helps pension holders to aid their financial requirements.
• The scheme is a tribute to the workers in the Unorganized sectors who contribute around 50 per cent of the nation’s Gross Domestic Product (GDP).
• The applicants between the age group of 18 to 40 years will have to make monthly contributions ranging between Rs 55 to Rs 200 per month till they attain the age of 60.
• Once the applicant attains the age of 60, he/ she can claim the pension amount. Every month a fixed pension amount gets deposited in the pension account of the respective individual.

Benefits

1. Minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
2. If applicant dies before age of 60, the Spouse will be entitled to continue the scheme and shall be entitled to receive 50% of the amount.
3. Once the applicant attains the age of 60, he/ she can claim the pension amount. Every month a fixed pension amount gets deposited in the pension account of the respective individual.
4. If he/ she exits the scheme within a period of less than 10 years, the beneficiary’s share of contribution only will be returned to him with savings bank interest rate.
5. If subscriber exits after a period of 10 years or more but before 60 years of age, the beneficiary’s share of contribution along with accumulated interest as actually earned by fund or at the savings bank interest rate whichever is higher.
6. If a beneficiary has given regular contributions and died due to any cause, his/ her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or exit by receiving the beneficiary’s contribution along with accumulated interest as actually earned by fund or at the savings bank interest rate whichever is higher.
7. If a beneficiary has given regular contributions and become permanently disabled due to any cause before 60 years, and unable to continue under the scheme, his/ her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or exit the scheme by receiving the beneficiary’s contribution with interest as actually earned by fund or at the savings bank interest rate whichever is higher.
8. After the death of subscriber as well as his/her spouse, the entire corpus will be credited back to the fund.

Required Documents

• Aadhaar Card
• Savings Bank Account / Jan Dhan account number with IFSC
• Shram UAN Card Number (Optional)

How To Apply

Online

Self Enrollment

For Those People Who Are Willing To Make Applications Online On Their Own

• First Applicants Need To Go To The Official Website Of The Scheme Which Link We Have Provided Below For Your Convenience
• After Clicking The Link Applicant Will Then Enter The Homepage Of The Official Website.
• On The Homepage, The Applicant Needs To Click On The “Click Here To Apply Now Option. As Shown In The Image Below

• Then, After Clicking The “Apply Link, The Applicant Will Enter In A Page Like The Picture Given Below, Where The Applicant Has To Click On The Self-Enrollment Option (Since The Applicant Is Filling Out This Form On His Own).

• Now The Applicant Need To Enter Their Name, Mobile Number And Email ID (if the applicant already not registered into the portal)
• After That Applicant Need To Click On Get OTP Option, A Otp Will Be Sent To Your Mobile Enter The OTP And Login In The Portal
• After Entering The Login Page, You Need To Click On A Enrollment Option, As Shown In Image Below, Where You Can See Pradhan Mantri Shram Yogi MaanDhan Yojana, Click On That

• Now, The Enrollment Form Will Appear On Applicant Screen
• Then The Applicant Need To Enter The Aadhaar Number, Name Of Beneficiary And Date Of Birth As Printed On Aadhaar Card, For Authentication.
• The applicant will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, Spouse (if any) and Nominee details will be captured.
• Self-certification for eligibility conditions will be done.
• The system will auto calculate monthly contribution payable according to age of the Beneficiary.
• Enrollment cum Auto Debit mandate form will be printed and will be further signed by the beneficiary. VLE will scan the same and upload it into the system.
• The applicant will pay the 1st subscription amount using Internet Banking
• A unique Shram Yogi Pension Account Number (SPAN) will be generated and Shram Yogi Card will be printed.

Through CSC(Online)

Online – Via CSC

1. The Eligible SMFs Desirous Of Joining The Scheme Shall Visit The Nearest Common Service Centre (CSC).
2. Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).
3. The VLE will key-in the Aadhaar number, Name of beneficiary and Date of birth as printed on aadhaar card for authentication.
4. The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, Spouse (if any) and Nominee details will be captured.
5. Self-certification for eligibility conditions will be done.
6. System will auto calculate monthly contribution payable according to age of the Beneficiary.
7. Beneficiary will pay the 1st subscription amount in cash to the VLE.
8. Enrollment cum Auto Debit mandate form will be printed and will be further signed by the beneficiary. VLE will scan the same and upload it into the system.
9. A unique Shram Yogi Pension Account Number (SPAN) will be generated and Shram Yogi Card will be printed.

Check Your Application Status

the applicants needs to go to the their nearest CSC centre to know their current application status for the scheme