The Indian government has introduced several schemes and initiatives to improve the lives of its citizens. One such initiative is Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM). This scheme is aimed at unorganized workers in the country who are often ignored and left without any type of social security or pension benefits. In this article, we will explore the details of the PM-SYM scheme.
PM-SYM is a pension scheme launched by the government of India in February 2019. The scheme is available to all unorganized sector workers in the country whose income is below Rs. 15,000 per month. This includes street vendors, domestic workers, rickshaw pullers, etc. The scheme aims to provide social security to such workers during their old age and ensure that they do not have to worry about their livelihoods once they retire.
Under the PM-SYM scheme, eligible workers can expect to receive a pension of Rs. 3000 per month once they turn 60 years old. To enroll in the scheme, workers need to contribute a small amount to their pension fund every month. The contribution amount depends on the age of the worker and ranges from Rs. 55 to Rs. 200 per month. The government also contributes an equal amount towards the worker’s pension fund.
The enrollment process for PM-SYM is straightforward and can be done online or through Common Service Centres (CSCs) across the country. Workers need to provide their Aadhaar card and savings bank account details to enroll in the scheme. Once enrolled, workers will receive a pension card that they can use to access their pension benefits once they turn 60.
The PM-SYM scheme is a welcome move by the Indian government to provide social security to unorganized sector workers who often have to work in difficult conditions without any support. The scheme will not only provide economic support to workers during their old age but also enhance their social status in society. The scheme has already seen a positive response from workers, with over 50 lakh workers enrolled in the scheme as of March 2021.
In conclusion, PM-SYM is an important scheme that aims to provide social security to unorganized sector workers in India. By enrolling in the scheme, workers can ensure that they have a pension to support them during their old age. It is important for the government to continue to promote the scheme and reach out to more workers to ensure that they benefit from this initiative.