You will receive ₹3,000 every month. The central government is focusing on those who lack financial support. This is why the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) has been introduced to provide financial security to workers in the unorganized sector. Launched by the Ministry of Labour and Employment in 2019, this scheme offers the opportunity to receive a monthly pension of ₹3,000.

How Does the Scheme Work?

Once you join the Pradhan Mantri Shram Yogi Mandhan Yojana, you need to contribute ₹55 every month. After reaching the age of 60, you will receive a pension of ₹3,000 per month (₹36,000 per year). This scheme helps workers in the unorganized sector achieve financial independence after retirement.

For couples both the husband and wife can join the scheme separately. If both are workers and contribute to the scheme, they can jointly receive an annual pension of ₹72,000.

Eligibility Criteria

  1. Age Limit: You must be between 18 and 40 years old to join.
  2. Income Limit: Your monthly income should be less than ₹15,000.
  3. Other Restrictions: If you are already a member of EPFO or ESIC, you are not eligible for this scheme.
  4. Important Requirement: You must have an e-Shram Card (also known as Shram Card) to apply for the pension scheme.

Benefits of the Scheme

  • Financial Security: Receive a monthly pension of ₹3,000 after the age of 60.
  • Simple Contribution: Just ₹55 per month to join.
  • Family Benefits: Both partners can join, allowing a combined pension of ₹72,000 per year.
  • Inclusive: This scheme is designed for workers in the unorganized sector.

How to Apply for Pradhan Mantri Shram Yogi Maandhan Yojana

Follow these easy steps to apply:

  • Visit the official website: maandhan.in/shramyogi.
  • On the homepage, click on ‘Click here to apply now’.
  • A new page will open. Click on ‘Self Enrollment’.
  • Enter your mobile number and click Continue.
  • Fill in your details, such as your name, email ID, and captcha code, then click on Generate OTP.
  • Enter the OTP you received and click Verify.
  • Complete the application form by entering the required details and uploading necessary documents.
  • Finally, take a printout of your application for future reference.

Why Should You Join This Scheme?

If you are a worker in the unorganized sector and have not yet created an e-Shram Card, it is essential to do so now. Once you have your card, you will be able to benefit from this pension scheme, providing you and your family with a secure future after retirement.