In the midst of the corona crisis, the central government has prepared a new scheme for workers of the unorganized sector. Government figure shows that around 42 crore people are engaged in the unorganized sector across the country who are suffering the most due to nationwide lockdown and corona crisis. Recently, the Modi government has started ‘Pradhan Mantri Shram Yogi Maandhan Yojana’ for such people whose monthly income is less than 15 thousand.
Under this scheme, workers such as working maids, drivers, plumbers, cobblers, tailors, rickshaw drivers, wash man and agricultural labourers will be benefitted.
What is ‘Pradhan Mantri Shram Yogi Maandhan Yojana’?
Pradhan Mantri Shram Yogi Maandhan Yojana’is a mega pension scheme which ensures old age protection for unorganized Workers, whose monthly income is Rs 15,000/ per month or less. It was launched by Prime Minister Narendra Modi in February 2019 for poor labourers in the unorganised sector. Under this scheme, a provision of a minimum pension of Rs 3000 per month has been made after the age of 60 years. Also, if the beneficiary dies while getting the pension, then 50 per cent of his pension will be given as pension to his spouse.
According to the figures, around 64.5 lakh farmers have registered their name under Pradhan Mantri Shram Yogi Maandhan Yojana’ (PMSYM).
As per reports, PMSYM aims to add 10 crore labourers in the next 5 years. Seeing the target, the involvement of only such people.
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On the maturity of the scheme, an individual will be entitled to obtain a monthly pension of Rs. 3000/-. The pension amount helps pension holders to aid their financial requirements.
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The scheme is a tribute to the workers in the unorganized sectors who contribute around 50 per cent of the nation’s Gross Domestic Product (GDP).
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The applicants between the age group of 18 to 40 years will have to make monthly contributions ranging between Rs 55 to Rs 200 per month till they attain the age of 60.
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Once the applicant attains the age of 60, he/ she can claim the pension amount. Every month a fixed pension amount gets deposited in the pension account of the respective individual.
What’s the Condition laid for PMSYM?
The registration age for this scheme has been set between 18 years and 40 years. Along with this, the monthly income of the beneficiary should be less than 15 thousand rupees. If the workers are members of any other pension scheme assisted by the Central Government, they will not get the benefit from this scheme.
Eligibility Criteria for PMSYM
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For Unorganized Worker (UW)
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Entry age between 18 to 40 years
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Monthly Income Rs 15000 or below
Important Documents for Pradhan Mantri Shram Yogi Maandhan Yojana (PMSYM)
These three documents are mandatory for registration:
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Aadhar Card
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Savings Bank Account / Jan Dhan account number with IFSC
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A valid mobile number for contact
Application Process for Pradhan Mantri Shram Yogi Maandhan Yojana
To avail the benefit from this scheme, the interested person can easily apply from nearby CSC (Common Service Center), Life Insurance Corporation of India (LIC) branch, State Employees Insurance Corporation (ESIC), EPFO or Labor Office of Central and State Government. A campaign is being run by many states to register themselves in it. It is also necessary to carry important documents. Also, make sure that the IFSC code is printed on the passbook of the savings account. After that, the beneficiaries can register through CSC.
How to Apply Online for Pradhan Mantri Shram Yogi Maandhan Yojana?
Go to the official website of Pradhan Mantri Shram Yogi Maandhan Yojana (https://maandhan.in/shramyogi)
Click Here
Then, You can find Click Here to Apply Now.
Then you will access the CSC website.
Log in and fill every details.
After completing, your application will be processed.
How much will be the contribution?
In the scheme, the beneficiaries will have to make the contribution according to the age. This means the younger the age of the contribution. If a person joins the scheme at the age of 18, then he will have to deposit Rs 55 per month.
Similarly, the age of 29 will have to pay 100 rupees and 40 years old 200 rupees. This is the maximum amount of contribution. This amount will have to be deposited till the age of 60 years. At the same time, the premium will be deposited, the same amount will be deposited by the government in the name of the member.
Who will not get the benefit?
The benefits of this scheme will not be available to such workers who are already associated with any government scheme. Members of Employees Provident Fund (EPFO), National Pension Scheme (NPS) or State Employees Insurance Corporation (ESIC) or people who pay income tax are not entitled to the benefit of this scheme.
