Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

Central Government on 01.02.2019 has announced Pradhan Mantri Shram Yogi Maan-dhan Yojana (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.

Feature of Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

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.

Eligibility Criteria for Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

- Should be an unorganised worker (UW)

- Entry age between 18 and 40 years

- Monthly Income Rs. 15000 or below

The Beneficiary Should not be:

- Engaged in Organized Sector (membership of EPF/NPS/ESIC)

- An income tax payer

The Beneficiary should possess

- Aadhar card

- Savings Bank Account / Jan Dhan account number with IFSC

Contribution by the Unorganised Workers (UW) Subscriber

Through 'auto-debit' facility from his/her savings bank account/Jan- Dhan account from the date of joining PM-SYM till the age of 60 years as per the scheme chart. The Central Government will also give equal matching contribution in his pension account.

Enrolment Procedure for Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

The Unorganised Worker will be required to visit the nearest Common Services Centre (CSC) and get enrolled for PM-SYM using Aadhaar Card and Savings bank/Jan-Dhan account number on self-certification basis. First subscription to be paid in cash and auto debit from next month onwards. Later, facility will be provided where the UW can also visit the PM-SYM web portal or can download the mobile app and self-register using Aadhar number/savings bank account/Jan-Dhan account number on self-certification basis.The enrolment will be carried out by all the Common Services Centres in the country.

Facilitation centers, Fund and Withdrawal

All the Labour offices of State and Central Governments, all the branch offices of LIC, the offices of ESIC/EPFO will act as Facilitation Centres to give full information to the Unorganised Workers (UW) about the Scheme, its benefits and the procedure to be followed, at their facilitation desks/help desks. PM-SYM will be a Central Sector Scheme administered by the Ministry of Labour and Employment and implemented through Life Insurance Corporation of India and CSC e-Governance Services India Limited (CSC SPV). LIC will be the Pension Fund Manager and responsible for Pension pay out. Considering the hardships and erratic nature of employability of Unorganised Workers (UW), the exit provisions of scheme have been kept flexible. If a subscriber has not paid the contribution continuously he/she will be allowed to regularize his contribution by paying entire outstanding dues, along with penalty charges, if any, decided by the Government.

Grievance Redressal

Customer Care number 1800-2676-888 (available 24*7).Web portal/app will also have the facility for registering the complaints.In case of any doubt on the scheme, clarification provided by the Joint Secretary & Director General (Labour Welfare) will be final.

e-mail at ShramYogi@nic.in

Enrolment Process for Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

Interested eligible person shall visit nearest CSC centre. Location of CSC centre can be ascertained from the information page on web sites of LIC of India, Ministry of Labour and Employment and CSC.

While going to CSC for enrolment, he shall carry with him the following :

- Aadhar Card

- Savings/Jan Dhan Bank Account details along with IFS Code ( Bank Passbook or Cheque Leave/book or copy of bank statement as evidence of bank account )

- Initial contribution amount in cash for enrolment under the scheme

Village Level Entrepreneur (VLE) present at the CSC will key-in aadhar number, name of subscriber as printed on aadhar card and date of birth as given in aadhar card and the same will be verified with UIDAI database.

Further details like Bank Account details, Mobile Number, Email-id, if any, spouse and nominee details will be captured.

Self-certification for eligibility conditions will be done.

System will auto calculate monthly contribution payable according to age of the subscriber.

Subscriber shall also pay the amount of 1st subscription in cash to the VLE who will generate receipt to be handed over to the subscriber.

Enrolment Form cum Auto Debit mandate will also be printed which will then be signed by the subscriber. VLE then shall scan the signed enrolment cum auto debit mandate and upload into the system.

At the same time, a unique Shram Yogi Pension Account Number will be generated and Shram Yogi Card will be printed at CSC

With completion of process, subscriber will be having with him Shram Yogi Card and signed copy of enrolment form for his record.

He will also receive regularly SMS on activation of auto debit and Shram Yogi Pension Account details.

Website : https://labour.gov.in/pm-sym

Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

Feature of Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

Enrolment Procedure for Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

Facilitation centers, Fund and Withdrawal

Enrolment Process for Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM)

Pradhan Mantri Yojana