PM Pension Yojana is a scheme launched by the Government of India to provide financial security to unorganized workers in the country. The scheme is also known as Pradhan Mantri Shram Yogi Mandhan (PMSYM) and offers pension benefits to individuals who fall under the age bracket of 18 to 40 years and earn below a specified monthly amount. Here are the details of the PM Pension Yojana registration process.
Eligibility Criteria:
To register for PM Pension Yojana, an individual must meet the following eligibility criteria:
1. The individual should be between the ages of 18 and 40 years.
2. The individual should be engaged in unorganized sector work, such as street vending, home-based work, and other miscellaneous jobs.
3. The individual should not be a member of any other government-sponsored social security scheme, such as the National Pension Scheme (NPS), Employee Provident Fund (EPF), and others.
4. The individual should have a valid Aadhaar card or an Aadhaar enrollment ID.
Registration Process:
To register for the PM Pension Yojana, an individual can follow these simple steps:
1. Visit the PMSYM website at http://maandhan.in/.
2. Click on the ‘New Registration’ tab on the homepage.
3. Enter the required personal details, such as name, address, age, Aadhaar number, and other relevant information.
4. Submit the registration form and wait for a confirmation SMS or email from the authorities.
5. Once the application is approved, the individual must visit the nearest Common Service Centre (CSC) or enrolment agency to complete the registration process.
6. Pay the monthly contribution towards the scheme, which is based on the age of the individual at the time of enrollment.
Benefits of PM Pension Yojana:
The PM Pension Yojana offers various benefits to registered individuals, including:
1. A minimum monthly pension of Rs 3,000 after the age of 60 years.
2. A death benefit of Rs 2 lakh, which is payable to the nominee of the beneficiary in case of an untimely demise.
3. The option to choose a pension plan, based on the monthly contribution amount.
4. Portability of the scheme to other pension plans, in case of a change in the employment sector or location.
Conclusion:
PM Pension Yojana is a beneficial scheme for unorganized sector workers who lack access to social security schemes. By registering for the scheme, individuals can secure their post-retirement finances and lead a comfortable life, even after leaving work. The registration process is straightforward, and eligible individuals are encouraged to enroll and avail of the benefits provided by the scheme.