Pension scheme for unorganized workers
Prime Minister Shram-Yogi Mandhan (PM-SBY)
Very important planning information for those who make a living by working
PM-SYM Pension Scheme 2021 ...
Not even 1 rupee to be paid
મળશે Rs. 5,000 / - per month, detailed information
Required documents
Mobile number
Savings Account Number (Reported Account Number)
aadhar card
Worker registration number
Meet the CSC locator to fill out the form
CSC Locator: To find the nearest CSC, please visit
https://locator.csccloud.in/https://locator.csccloud.in/
More details of PM-SYM scheme
To ensure old age protection for unorganized workers, the Government of India has introduced the Pradhan Mantri Shram Yogi Man-Dhan (PM-SYM) pension scheme for unorganized workers.
Unorganized workers mostly home based workers, street vendors, midday meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washing men, rickshaw pullers, landless laborers, own account workers, agricultural workers, construction workers, BD workers, Weapons workers, leather workers, audio-visual workers and other similar occupations whose monthly income is Rs. They should not be covered under the new Pension Scheme (NPS), Employees' State Insurance Corporation (ESIC) scheme or Employees Provident Fund Organization (EPFO). In addition, he / she should not be an income tax payer.
2. Features of PM-SYM: It is a voluntary and contributing pension scheme, under which the customer will get the following benefits:
(i) Minimum Assured Pension: Under PM-SYM, every subscriber will get a minimum guaranteed pension of Rs. 3000 / - per month after attaining the age of 60 years.
(ii) Family Pension: During the receipt of pension, if the subscriber dies, the spouse of the beneficiary will be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension applies to wife only.
(iii) If a beneficiary has made regular contribution and died for any reason (before the age of 60), his / her spouse will be entitled to join and continue the scheme by paying regular contribution or exit the scheme as per the provisions. Exit and withdraw.
3. Contribution by Subscriber: Subscriber's contribution in PM-SYM will be made through 'Auto-Debit' facility from his Savings Bank Account / Jan-Dhan Account. Subscribers are required to pay a fixed contribution amount from the age of joining PM-SYM till the age of 60 years. The following is a chart showing the entry age specific monthly contribution:
4. Matching Contributions by the Central Government: PM-SYM is a voluntary and contributing pension scheme based on 50:50 where age-specific contributions determined by the beneficiary and matching contributions by the Central Government as per the chart. For example, if a person enters the scheme at the age of 29, he is required to contribute Rs. 100 / - per month till the age of 60 years, an amount of Rs.
5. Registration process under PM-SYM: Customer will need to have mobile phone, savings bank account and Aadhaar number. Eligible customers can visit the nearest General Service Centers (CSC eGovernance Services India Limited (CSC SPV)) and register for PM-SYM using Aadhaar number and Savings Bank account / Jan-Dhan account number on the basis of self-certification. .
Later, facility will be provided where subscribers can visit PM-SYM web portal or download mobile number and self-register using Aadhaar number / Savings Bank account / Jan-Dhan account number based on self-certificate.
6. Registration Agencies: Registration will be conducted by all General Service Centers. Unorganized workers can visit their nearest CSC with their Aadhar card and savings bank account passbook / Jandhan account and register themselves for the scheme. The contribution amount for the first month will be paid in cash for which they will be given a receipt.
7. Facilitation Centers: All branch offices of LIC, offices of ESIC / EPFO and all labor offices of Central and State Governments will facilitate unorganized workers about the scheme, its benefits and follow up process at their respective centers.
In this regard, for the convenience referred by all the offices of LIC, ESIC, EPFO and all the labor offices of the Central and State Governments are given below:
1. All LICs, EPFOs / ESICs and all labor offices of the Central and State Governments may set up a "Facilitation Desk" to facilitate unorganized workers, provide guidance on scheme facilities and direct them to the nearest CSC.
2. Each desk can have at least one staff.
3. They will have enough brochures printed in Hindi and regional languages for the backdrop, stand at the main door and unorganized workers.
4. Unorganized workers will visit Aadhaar Centers, Savings Bank Accounts / Jandhan Accounts and Mobile Phones.
5. The help desk will have onsite proper seating and other necessary facilities for these workers.
6. Any other measures for the purpose of facilitating unorganized workers in their respective centers regarding the scheme.
8. Fund Management: PM-SYM will be a central sector scheme operated by the Ministry of Labor and Employment and implemented by Life Insurance Corporation of India and CSC e-Governance Services India Limited (CSC SPV). LIC will be the pension fund manager and will be responsible for pension payments. The amount collected under PM-SYM Pension Scheme will be invested as per the investment pattern specified by the Government of India.
9. Exit and Withdrawal: The exit provisions of the scheme have been kept flexible keeping in view the employment difficulties and irregular nature of these workers. The exit provisions are as follows:
(i) If the subscriber withdraws from the scheme during a period of less than 10 years, the beneficiary's contribution will be refunded to him along with the savings bank interest rate.
(ii) If the subscriber leaves after a period of 10 years or more, but before the age of supernatural, i.e. before the age of 60, the beneficiary's contribution is actually credited with the accumulated interest by the fund or the savings bank interest rate whichever is higher.
(iii) If a beneficiary has made a regular contribution and died for any reason, his / her spouse will be entitled to continue the scheme by paying regular contribution or will actually withdraw from the beneficiary's contribution with the accumulated interest earned by the fund. Or savings bank interest rate whichever is higher.
(iv) If a beneficiary has made a regular contribution and is permanently disabled for any reason before the age of 60 years before the age of superannuation and is unable to continue contributing under the scheme, his / her spouse will be entitled to continue the scheme thereafter. Exit the scheme by paying the regular contribution or the beneficiary's contribution actually received by the fund or with the savings bank interest rate whichever is higher.
(v) After the death of the subscriber as well as his / her spouse, the entire fund will be credited back to the fund.
(vi) Any other exit provision, which may be decided by the Government on the advice of NSSB.
11. Default of Contribution: If a subscriber has not paid the continuous contribution, he / she will be allowed to regularize his / her contribution by paying the full outstanding dues.
12. Pension Payment: Once the beneficiary joins the scheme at the age of 18-40 years, the beneficiary has to contribute till the age of 60 years. After attaining the age of 60 years, the subscriber gets Rs.
13. Grievance Redressal: To resolve any grievance related to the scheme, the customer can contact customer care number 1800 267 6888 which will be available on 24 * 7 basis (effective from 15th February 2019). The web portal / app will also have the facility to register a complaint.
14. Doubts and clarifications: If there is any doubt about the plan, the clarifications provided by JS and DGLW will be final.
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