PM Shram Yogi Mandhan Yojana 2023

PM Shram Yogi Mandhan Yojana 2023 – Pradhan Mantri Shram Yogi Mandhan, commonly referred to as PMSYM, is a social initiative by the Ministry of Labour and Employment of the Indian government. Prime Minister Narender Modi unveiled this program in February. This article will provide a comprehensive overview of Pradhan Mantri Shram Yogi Mandhan, including its features, benefits, eligibility criteria, and enrollment process.

PM Shram Yogi Mandhan Yojana 2023

Pradhan Mantri Shram Yogi Maan-Dhan is a voluntary and contributory pension scheme designed to offer financial security and protection to unorganized workers, particularly the elderly. This initiative aims to support approximately 42 crore unorganized sector workers across the country. Notably, it stands as one of the most extensive pension schemes ever introduced by the Indian government.

pm shram yogi mandhan yojana

Benefits of the PM-SYM Scheme

This program targets individuals in the labor force aged between 18 and 40, ensuring they receive a regular pension once they reach 60 years of age. As a result, it furnishes social security and safeguards against the challenges of old age for unorganized workers.

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Scheme Name Pradhan Mantri Shram Yogi Mandhan Yojana
Launched By Finance Minister Mr. Piyush Goyal
Launched date 1st February
Start date of scheme 15th February
Beneficiary Organized and unorganized sector laborers
No of beneficiary 10 Crore approximate
Contribution Rs 55 per month to Rs 200 Per month
Pension amount Rs 3000 Per month
Article Category Central govt. scheme
Official website https://maandhan.in/shramyogi

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PM Shram Yogi Maandhan Yojana Registration 2023

Furthermore, it’s worth noting that this is one of the most extensive pension schemes ever launched by the Indian government. Designed for individuals in the labor force aged between 18 and 40, this initiative guarantees a regular pension once they reach the age of 60. In essence, this program provides essential social security and safeguards against the challenges of old age for unorganized workers.

Pradhan Mantri Shram Yogi Scheme Eligibility Criteria

  • Age: You should be between 18 and 40 years old. The younger you are, the lower your premium, and the higher your returns.
  • Income: Your monthly income should not exceed Rs. 15,000.
  • Citizenship: You must be a citizen of India.
  • Tax Status: You should not be a taxpayer.
  • Occupation: You should belong to the unorganized sector, which includes individuals with an irregular or daily wage income. This category encompasses various professions, such as vegetable vendors, cobblers, bidi makers, handloom workers, construction laborers, and landless workers.
  • Documentation: You need a functional mobile number, an Aadhaar card, and a savings account.

How Do I Check the Balance of PMSYM?

To check your PMSYM balance online on the UMANG website, follow these steps:

  • Visit the UMANG login page.
  • Enter your active mobile number.
  • Sign in using the OTP or M-pin sent to your mobile device.
  • Your PMSYM account balance and previous transactions will be accessible after logging in.

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