Government Pension Scheme: Invest Just Rs 55 and Get Rs 3000 Monthly! Check Eligibility & Process

You can receive Rs 3000 every month. The central government is considering those who lack financial support. That’s why the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) has been created to provide financial security to workers in the unorganized sector. Launched by the Ministry of Labour and Employment in 2019, this scheme offers an opportunity to receive a monthly pension of Rs 3000.

How Does This Scheme Work?

After joining the Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM), you must deposit Rs 55 monthly. When you turn 60, you will receive a pension of Rs 3,000 per month (Rs 36,000 per year). This scheme helps unorganized sector workers gain financial security after retirement.

For couples, both husband and wife can join separately. If both contribute, they can get a total pension of Rs 72,000 per year.

Eligibility Criteria

• Age Limit: You must be between 18 and 40 years old.
• Income Limit: Your monthly income should be less than Rs 15,000.
• Other Restrictions: If you are already a member of EPFO or ESIC, you cannot apply.
• Required Document: You must have an e-Shram Card to apply.

Benefits of the Scheme

1. Monthly Pension: Rs 3,000 per month after turning 60.
2. Low Contribution: Just Rs 55 per month.
3. Family Benefits: Both husband and wife can join and receive Rs 72,000 per year.
4. For Unorganized Workers: Designed to support low-income workers.

Features of PM-SYM

• Assured Pension: Rs 3,000 per month.
• Voluntary and Contributory Pension Scheme.
• Matching Contribution: The Government of India contributes an equal amount.

The Pradhan Mantri Shram Yogi Maandhan (PM-SYM) Yojana provides unorganized workers with a guaranteed monthly pension of Rs 3,000 after the age of 60. Here is what you need to know to be a part of this scheme. #LabourMinistryIndia#MoLE#PMSYM pic.twitter.com/qb17ulxXD8

— Ministry of Labour & Employment, GoI (@LabourMinistry) July 11, 2024

How to Apply for PM-SYM

Follow these simple steps to apply:

1. Visit the official website maandhan.in/shramyogi.
2. Click on ‘Click here to apply now’ on the homepage.
3. A new page will open. Click on ‘Self Enrollment’.
4. Enter your mobile number and click Continue.
5. Fill in your name, email ID, and captcha code, then click Generate OTP.
6. Enter the OTP received and click Verify.
7. Complete the application form, upload the required documents, and submit.
8. Take a printout of your application for future reference.