Pradhan Mantri Shram yogi Mandhan Pension Yojana | PMSYM Scheme 2019

This scheme was announced by the Central government. In this article read about all the important information regarding Shramyogi yojana, who are eligible for the scheme, how to apply for PM Shramyogi Pension and benefits of this scheme.

Scheme	Pradhan Mantri Shram Yogi Mandhan Yojana
Beneficiary Category	Unrecognized sector Workers
Pension amount	Rs. 3000 Per month
Category	Central govt. scheme
Enrolment Website	CSC Centres – Digital seva
Beneficiary not eligible	If they are enrolled in any other central government scheme
Pension Transferable	Yes, to partner only Children are not eligible for getting pension
Pradhan Mantri Shram Yogi Maan-dhan registration	Apply by visiting local Jan seva kendra (CSC)

Pradhan Mantri Shram yogi Mandhan Pension Yojana Premium Amount Chart:

Entry age (In Years)	Max age (In Years)	Monthly contribution per month (per person)	Govt contribution per month (per person)	Total Contribution (per person)
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

Who is eligible for the PMSYM Pension Scheme?

As the labor class is mentioned, people involved in the trivial yet necessary works such as carpenters, masons, and many more such workers appear in our minds. In reality, any worker belonging to the unorganized sector can apply for the scheme. By unorganized sectors, one means the community in which the wages are not fixed. Such sector includes street vendors, rag pickers, cobblers, brick makers, leather workers, rickshaw pullers, landless labors, beedi workers and many more.

The workers who do not have any fixed income and whose income depends on the works they do on a daily basis to earn a living are eligible to apply for Pradhan Mantri Shramyogi Yojna.

The workers of the unorganised sector earning an income of less than rupees 15,000 per month and belong to the entry of 18 to 40 years of age group are eligible for Pradhan Mantri Shramyogi yojana.

Pradhan Mantri Shramyogi Mandhan Yojana Eligible & Features:

Eligible people can apply for the same step by step. The procedure is mentioned below.

All the eligible candidates or the must have their bank details and Aadhar card. After confirming that, the candidate needs to visit his or her nearest Common Service Center or CSC keeping along the necessary documents that could be further used for verification.

The appointed officer in the nearest Common Service Center is going to put together all the information and details given by the candidate. The candidates are expected to register his or her actual date of birth because the overall calculation is held on the basis of age. The determination of how much premium he or she has to pay is all dependent on the actual age that the candidate confirms with.

After having verified all the documents, the scheme will get started. To get started with it, a specific installment amount is going to get deducted from the wallet of the appointed officer in the Common Service Center. After having a successful payment, the officer will get back all the amount that has been deducted from the officer’s wallet by the Candidate that too in cash amount.

The candidate must check for the notification of a successful online payment. If the notification arrives, that means the registration has been successfully done. A unique pension code is also going to get generated from the software that too online.

After this process, CSC officer is going to do the other formalities and scan candidate’s documents. The officer scans the documents to ensure that the information is added to their database as well.

After the scanning of documents, the candidate is going to get a pension card that has been generated after the verification of the candidate’s documents and other data.

The data provided by the candidate is then sent to the bank authority. After having checked the data by bank authorities, the candidate is going to be informed about the mandate debits. An SMS is going to be generated on the registered number of candidate, after which the candidate would be getting pertinent information.

It is beneficial in a way that a worker who joins Pradhan Mantri Shram Yogi Yojna at the age of 18 years would make a contribution of rupees 55 monthly till the age of 60 years so as to get the pension in retirement. The equal matching contribution will be made by the Government to the pension account of workers each month.

Not only this, if the candidate enrols out of the scheme even before 10 years, the share of the candidate is going to be returned to the candidate with saving bank interest rates.

If the candidate enroll out after 10 years but before 60 years of age, the share of candidate’s contribution adding the accumulated interest will be given back to the candidate.

If the candidate is updating the scheme in a proper manner but dies due to any cause, his or her better half would be entitled with the continuation of the scheme. If the spouse is entitled to it, they are supposed to pay the regular further contributions. If they are not willing to do that, they can always exit the scheme taking the candidate’s contribution to make till the date in addition to the interest.

PM Shram Yogi Mandhan Yojana Helpline Number:

Toll Free number 1800 267 6888

Saturday, June 1, 2019