PM Shram Yogi Online Application – PMSYM Yojana 2023

Pradhan Mantri Shram Yogi Maandhan Online | PM Shram Yogi Scheme | PMSYM Yojana Online Apply | Shram Yogi Online Registration | Pradhan Mantri Shram Yogi Online Application

Pradhan Mantri Shram Yogi Maandhan Yojana is a voluntary and contributory scheme launched by Central Government to provide old age protection and social security of Unorganized Workers (UW). Under this scheme, a minimum assured pension of Rs. 3,000 per month will be provided after the age of 60 years. Here in this article, all the information related with Pradhan Mantri Shram Yogi Maandhan Yojana like features, eligibility criteria, benefits, how to apply etc will be provided.

Pradhan Mantri Shram Yogi Maandhan Yojana

Pradhan Mantri Shram Yogi Maandhan Yojana is a central government scheme that was launched by Prime Minister Narendra Modi on 31^stMay 2019. This scheme is meant for old age protection and social security of the Unorganized Workers (UW). Under this scheme, a minimum monthly assured pension of Rs. 3,000 will be provided to the UW after attaining 60 years of age. It is a voluntary and contributory scheme with a monthly contributions ranging between Rs. 55 to Rs. 200 till the age of 60. Through this scheme, 42 crore Unorganized Workers in India will be benefited.

Highlights of PM Shram Yogi Maandhan Yojana

Who belongs under Unorganized Workers? 

• 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.

Features of Pradhan Mantri Shram Yogi Maandhan Yojana 

• A minimum assured pension of Rs. 3,000 per month on the maturity of the scheme. 
• It is a voluntary and contributory pension scheme with a monthly contribution ranging between Rs. 55 to Rs. 200. 
• The scheme is for those workers in the Unorganized Sectors who contribute around 50% of the nation’s Gross Domestic Product (GDP). 
• The applicants should be between the age of 18 to 40 years.

Benefits of Pradhan Mantri Shram Yogi Maandhan Yojana

1. Benefits to the family on death of an eligible subscriber: If an eligible subscriber dies during the receipt of pension, his spouse shall be entitled to receive 50% of the pension received i.e Rs. 1500 per month as family pension.

2. Benefits on disablement before attaining 60 years of age: If an eligible subscriber become permanently disabled before attaining 60 years of age and made regular contributions, and is unable to continue to contribute under this scheme, then –

a.     his spouse shall be entitled to continue the scheme by paying monthly contribution as applicable.

b. his spouse can exit the scheme by receiving the share of contribution deposited by  the an eligible subscriber, with interest as actually earned by the Pension Fund or the interest at the saving bank interest rate thereon, whichever is higher.

3. Benefits on Leaving the Pension Scheme:

a.     If the an eligible subscriber exits this scheme within a period of less than 10 years from the date of joining the scheme, then the share of contribution will be returned with savings bank interest rate payable thereon.

b.    If the an eligible subscriber exits the scheme after completion of 10 years or more from the date of joining the scheme but before attaining 60 years of age, then the share of contribution shall be returned with accumulated interest thereon as actually earned by the Pension Fund or the interest at the savings bank interest rate thereon, whichever is higher.

c.     If an eligible subscriber dies before attaining 60 years of age but made regular contributions, then –

his spouse shall be entitled to continue the scheme by paying monthly contribution as applicable or his spouse can exit the scheme by receiving the share of contribution deposited by the an eligible subscriber, with interest as actually earned by the Pension Fund or the interest at the saving bank interest rate thereon, whichever is higher.

d.    After the death of an eligible subscriber and his or her spouse, the corpus shall be credited back to the fund.

Eligibility Criteria for PM Shram Yogi Maandhan Yojana 

• Unorganized Worker (UW). 
• The age of the workers should be between 18 to 40 years. 
• The monthly income of the workers should be Rs. 15,000 or below.

Documents required for PM Shram Yogi Maandhan Yojana

• Aadhaar Card. 
• Saving bank account passbook. 
• Identity card. 
• Age certificate. 
• Income certificate. 
• Passport sizes photo.

Who are not eligible for Pm Shram Yogi Maandhan Yojana?

• Those who are engaged in Organized Sector. 
• Members of Employees’ Provident Fund. 
• Members of National Pension Scheme. 
• Members of State Employees Insurance Coporation. 
• People who pays income tax.
  

 Entry Age Specific monthly Contribution

How to apply for PM Shram Yogi Scheme?

Step 1: The eligible subscriber should visit the nearest Common Service Centre (CSC) along with all the necessary documents.

Step 2: The documents should be handed over to the Village Level Entrepreneur (VLE).

Step 3: The VLE will complete the online registration by filling all the necessary details like Bank Account details, Mobile Number, Nominee name etc.

Step 4: The monthly contribution payable according to the age of subscriber will be calculated by the system.

Step 5: The subscriber will pay the 1^stcontribution amount in cash to the VLE.

Step 6: Enrollment cum Auto Debit mandate form will be printed and will be further signed by the SMF. VLE will scan the same and upload it into the system.

Step 7: A unique Shram Yogi Pension Account Number (SPAN) will be generated and Kisan card will be printed.