With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM- SYM) Yojana, consider the following s

Question

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM- SYM) Yojana, consider the following statements:The entry age group for enrolment in the scheme is 21 to 40 years.Age specific contribution shall be made by the beneficiary.Each subscriber under the scheme shall receive a minimum pension of Rs. 3000 per month after attaining the age of 60 years.Family pension is applicable to the spouse and unmarried daughters.Which of the statements given above is/are correct?

Accepted Answer

Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM): 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.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. Hence, statement 3 is correct and statement 4 is not correct.A person to be eligible for the scheme should be an unorganised worker (UW) of age between 18 and 40 years and with Monthly Income Rs 15000 or below. Hence, statement 1 is not correct. According to the enrolment age, age specific contributions should be made by the beneficiary. Hence, statement 2 is correct.