பிரதான் மந்திரி சரம் யோகி மன்-தன் (PMSYM)- (அமைப்புசாரா தொழிலாளர்களுக்கான ஒரு ஓய்வூதிய திட்டம்) - Pradhan Mantri Shram Yogi Maan-dhan(PM-SYM)

பிரதான் மந்திரி சரம் யோகி மன்-தன் (PMSYM)-  (அமைப்புசாரா தொழிலாளர்களுக்கான ஒரு ஓய்வூதிய திட்டம்)

Brief on Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

- A pension scheme for unorganised workers

The scheme is meant for old age protection and social security of Unorganised Workers (UW) who are mostly engaged as rickshaw pullers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, home-based workers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio- visual workers or in similar other occupations.

Eligibility Criteria  

·         Should be an unorganised worker (UW)

·         Entry age between 18 and 40 years

·         Monthly Income Rs 15000 or below

Should not be

·         engaged in Organized Sector (membership of EPF/NPS/ESIC)

·          an income tax payer

      He/ She should possess

1.       Aadhar card

2.       Savings Bank Account / Jan Dhan account number with IFSC

Features: It is a voluntary and contributory pension scheme, under which the subscriber would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.

Contribution by the UW Subscriber:  Through ‘auto-debit’ facility from his/ her savings bank account/ Jan- Dhan account from the date of joining PM-SYM till the age of 60 years as per the chart below. The Central Government will also give equal matching contribution in his pension account.

Entry Age	Superannuation Age	Member's  monthly contribution (Rs)	Central Govt's  monthly contribution (Rs)	Total monthly contribution  (Rs)
(1)	(2)	(3)	(4)	(5)= (3)+(4)
18	60	55	55	110
19	60	58	58	116
20	60	61	61	122
21	60	64	64	128
22	60	68	68	136
23	60	72	72	144
24	60	76	76	152
25	60	80	80	160
26	60	85	85	170
27	60	90	90	180
28	60	95	95	190
29	60	100	100	200
30	60	105	105	210
31	60	110	110	220
32	60	120	120	240
33	60	130	130	260
34	60	140	140	280
35	60	150	150	300
36	60	160	160	320
37	60	170	170	340
38	60	180	180	360
39	60	190	190	380
40	60	200	200	400

Enrolment Procedure:The Unorganised Worker will be required to visit the nearest Common Services Centre (CSC)and get enrolled for PM-SYM using Aadhaar Card and Savings bank/ Jan-Dhan account number on self-certification basis. First subscription to be paid in cash and auto debit from next month onwards.

Later, facility will be provided where the UW can also visit the PM-SYM web portal or can download the mobile app and self-register using Aadhar number/ savings bank account/ Jan-Dhan account number on self-certification basis.

Enrollment agencies: The enrolment will be carried out by all the Common Services Centres in the country.

Facilitation Centres: All the Labour offices of State and Central Governments, all the branch offices of LIC, the offices of ESIC/EPFO will act as Facilitation Centres to give full information to the Unorganised Workers (UW) about the Scheme, its benefits and the procedure to be followed, at their facilitation desks/ help desks.

Fund Management:  PM-SYM will be a Central Sector Scheme administered by the Ministry of Labour and Employment and implemented through Life Insurance Corporation of India and CSC e-Governance Services India Limited (CSC SPV). LIC will be the Pension Fund Manager and responsible for Pension pay out.

Exit and Withdrawal: Considering the hardships and erratic nature of employability of Unorganised Workers (UW), the exit provisions of scheme have been kept flexible.

(i)        If he/ she exits the scheme within a period of less than 10 years,   the beneficiary’s share of contribution only will be returned to him with savings bank interest rate. 

(ii)       If subscriber exits after a period of 10 years or more but before 60 years of age, the beneficiary’s share of contribution along with accumulated interest as actually earned by fund or at the savings bank interest rate whichever is higher.

(iii)      If a beneficiary has given regular contributions and died due to any cause, his/ her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or exit by receiving the beneficiary’s contribution along with accumulated interest as actually earned by fund or at the savings bank interest rate whichever is higher.

(iv)     If a beneficiary has given regular contributions and become permanently disabled due to any cause before 60 years, and unable to continue under the scheme, his/ her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or exit the scheme by receiving the beneficiary’s contribution with interest as actually earned by fund or at the savings bank interest rate whichever is higher.

(v)      After the death of subscriber as well as his/her spouse, the entire corpus will be credited back to the fund.

Default: If a subscriber has not paid the contribution continuously he/she will be allowed to regularize his contribution by paying entire outstanding dues, along with penalty charges, if any, decided by the Government.

Pension Pay out:Once the beneficiary joins the scheme at the entry age of 18-40 years, the beneficiary has to contribute till 60 years of age. On attaining the age of 60 years, the subscriber will receive by DBT the assured monthly pension of Rs.3000/- with benefit of family pension, as the case may be. 

Grievance Redressal:  Customer Care number 1800 2676888 (available 24*7).

Web portal/ app will also have the facility for registering the complaints.

Doubts and Clarifications: In case of any doubt on the scheme, clarification provided by the Joint Secretary& Director General (Labour Welfare) will be final.  Email at ShramYogi@nic.in

Locate your nearest CSC at the link locator.csccloud.in

Process Flow – Enrolment in

Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)