- PM Shram Yogi Mandhan Yojana provides pension to unorganized sector workers.
- Receive up to ₹3000 monthly after turning 60 years.
- Easy application process with minimal documentation requirements.
What is PM Shram Yogi Mandhan Yojana
PM Shram Yogi Mandhan Yojana is a significant initiative launched by the central government aiming to secure the future of unorganized workers in India. Introduced in 2019, this pension scheme offers a monthly pension of up to ₹3000 after the age of 60 to ensure financial stability during retirement.
Who Can Benefit from this Scheme?
The scheme is designed for unorganized sector workers, which include:
- Rickshaw pullers
- Domestic workers
- Small shopkeepers
- Construction workers
- Agricultural workers
- Street vendors
- Other unorganized laborers
Participants are required to make a minimum monthly contribution, which is matched by the government.
Eligibility Criteria for Application
- Age: Between 18 to 40 years.
- Monthly Income: Less than ₹15,000.
- Must not be a member of EPFO, ESIC, or NPS.
- A valid savings bank account and Aadhaar card are mandatory.
Key Benefits of PM Shram Yogi Mandhan Yojana
- A pension of ₹3000 monthly after 60 years of age.
- Equal contribution from the government matching worker’s investment.
- Convenient auto-debit facility for monthly contributions.
- Family benefits posthumously (spouse receives 50% of pension).
Application Process Step-by-Step
- Visit your nearest Common Service Center (CSC).
- Provide your Aadhaar card and savings bank account number.
- Select the amount for monthly contribution (₹55 to ₹200 depending on age).
- Complete the registration and receive your Shram Yogi card.
- Monthly contributions will be auto-debited from your bank account.
Monthly Contribution Structure
| Age (Years) | Monthly Contribution (₹) | Government Contribution (₹) |
|---|---|---|
| 18 | 55 | 55 |
| 30 | 100 | 100 |
| 40 | 200 | 200 |
Why Choose This Government Scheme?
If you work in the unorganized sector and seek financial security for your retirement, PM Shram Yogi Mandhan Yojana serves as a fantastic option. Don’t miss out on this opportunity; register on time to avail the benefits from the government.