PM Shram Yogi Maandhan Yojana: The tension of old age is over! You will get government pension of ₹ 3,000 every month, know the direct method of application

PM Shram Yogi Maandhan Yojna: Even today, a large population in our country works in the unorganized sector, such as street vendors, rickshaw pullers, laborers, washermen, and domestic workers. These people do not have any tied pension or PF facility to survive in old age.

Keeping this in mind, a very strict scheme of the Central Government works, whose name is Pradhan Mantri Shram Yogi Maan-Dhan Yojana (PM-SYM). This scheme guarantees a fixed pension of ₹3,000 every month to the hardworking workers of the country after the age of 60 years. Let us understand in easy and straightforward paragraphs what this scheme is and how you can avail it.

What is the scheme and how does it work?

PM Shram Yogi Maan-Dhan Yojana is a ‘Voluntary and Contributory’ pension scheme. This means that in this you have to contribute a very small amount (premium) every month according to your age, and the government also adds the same amount to your account as per the amount you deposit.

• Age and Premium: People between the age of 18 to 40 years can participate in this scheme. If you join at the age of 18, you will have to deposit only ₹55 every month (the remaining ₹55 will be matched by the government). Whereas if you join at the age of 40, you will have to deposit ₹ 200 every month.
• Strong benefit of pension: As soon as you complete 60 years of age, you will start receiving a fixed pension of ₹ 3,000 every month (₹ 36,000 annually) in your bank account, which will be available for life.

Who can avail the benefit of this scheme (Eligibility)?

To avail the benefits of this scheme, the government has set some very simple and easy rules:

The applicant must be a citizen of India and aged between 18 to 40 years.

He should be a laborer working in the unorganized sector, a cart puller, a cobbler, a tailor, or a domestic worker.

Monthly income of the applicant should be ₹ 15,000 or less.

PM Shram Yogi Maandhan Yojana: Who is not eligible

People who are members of EPFO, ESIC or NPS, or who pay income tax, cannot avail the benefits of this scheme.

Required documents and registration process

You do not need any lengthy paperwork to join this scheme. You only need to have these 3 strict documents:

• Aadhar card
• Savings Bank Account or Jan Dhan Account (with IFSC Code)
• Mobile number linked to Aadhaar (so that consent for auto-debit can be given)

how to apply?

• For this scheme you can go to your nearest Common Service Center (CSC).
• Give your Aadhar card and bank passbook there. CSC agent will fill your online form.
• The initial month’s premium will be taken in cash, and subsequent months’ premiums will be auto-debited from your bank account every month.
• As soon as the registration is completed, you will get a Shram Yogi Pension Card, on which your unique pension number will be written.
• If you want to apply online yourself, then you can register yourself by visiting its official website maandhan.in through the option of ‘Self Enrolment’.

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