Married Couple Plan: On depositing Rs 200 every month, you will get an annual pension of Rs 72 thousand


Married Couple Plan: If you are a married couple and planning for retirement, then Modi government’s Pradhan Mantri Shram Yogi Maan Dhan is such a plan, which can give good returns along with security on investment. The Modi government had launched a pension scheme for the informal sector employees of the country a few years back. Pradhan Mantri Shram Yogi Maan Dhan Yojana was launched by the Ministry of Labor and Employment in 2019. Under this scheme, married couples will have to invest Rs 200 per month and after retirement they will be given a pension of Rs 72 thousand annually.

Married Couple Plan: What is Pradhan Mantri Shram Yogi Maan Dhan Yojana?

Unorganized workers include street vendors, midday workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless laborers, agricultural workers, construction workers, beedi makers, handicraft workers. Among these workers, whose monthly income is less than Rs 15,000 and whose age is between 18 and 40 years. They can take advantage of this scheme. These are not covered under the Employees’ New Pension Scheme, Employees’ State Insurance Corporation Scheme or Employees’ Provident Fund Organization and are not taxable.

How can pension be taken under the PM-SYM scheme?

Under this scheme, a married couple can get a pension of Rs 72 thousand after retirement. For example if a person is 30 years old, then the monthly contribution in that scheme would be around Rs. 100 per month – thus the contribution of the couple per month is Rs. 200 would be Thus the annual contribution of that couple will be Rs.2400. After the age of 60 years, the couple gets a pension of Rs 100. 72,000 will be received.

Key Features of Pradhan Mantri Shram Yogi Maan-Dhan Yojana

Minimum Assured Pension: Under PM-SYM each subscriber will get a minimum assured pension of Rs 3000 per month after the age of 60 years.

Family Pension: If the subscriber dies while receiving the pension, the spouse of the beneficiary shall be entitled to 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to the spouse.

How to register for PM-SYM scheme?

Subscriber should have a mobile phone, savings bank account and Aadhaar number. Eligible customers can register for PM-SYM by visiting nearest CSC and using Aadhaar number and savings bank account/Jan-Dhan account number on self-certification basis.

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