PMSYM : Pradhan mantri Shram Yogi Mandhan Yojana Pension

Jobs News
April 10, 2022

The government of India has presented an annuity plot for sloppy laborers to be specific Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) to guarantee advanced age security for Disorderly Specialists.

Pradhan mantri Shram Yogi Mandhan Yojana Pension
Pradhan mantri Shram Yogi Mandhan Yojana Pension


The sloppy specialists for the most part connected with as locally situated specialists, road sellers, noontime supper laborers, head loaders, block furnace laborers, shoemakers, cloth pickers, homegrown laborers, washermen, cart pullers, landless workers, own record laborers, agrarian laborers, development laborers, beedi laborers, handloom laborers, calfskin laborers, general media laborers and comparable different occupations whose month to month pay is Rs 15,000/every month or less and have a place with the section age gathering of 18-40 years. They ought not to be covered under New Benefits Plan (NPS), Representatives' State Protection Enterprise (ESIC) plan, or Workers' Fortunate Asset Association (EPFO). Further, he/she ought not to be a personal citizen.


2. Highlights of PM-SYM:


 It is an intentional and contributory annuity plot, under which the endorser would get the accompanying advantages :


(I) Least Guaranteed Benefits: Every endorser under the PM-SYM, will get the least guaranteed annuity of Rs 3000/ - each month subsequent to accomplishing the age of 60 years.


(ii) Family Benefits: During the receipt of the annuity, assuming the endorser bites the dust, the life partner of the recipient will be qualified to forget half of the benefits got by the recipient as a family annuity. A family annuity is pertinent just to a life partner.


(iii) &nbps; &&nbps; If a recipient has given the normal commitment and kicked the bucket because of any reason (before age of 60 years), his/her life partner will be qualified to join and proceed with the plan thusly by installment of standard commitment or leave the plan according to arrangements of exit and withdrawal.


3. Commitment by the Supporter:


The supporter's commitments to PM-SYM will be made through the 'auto-charge' office from his/her investment funds ledger/Jan-Dhan account. The supporter is expected to contribute the endorsed commitment sum from the period of joining PM-SYM till the age of 60 years. The outline showing subtleties of section age explicit month to month commitment is as under:


4. Matching commitment by the Focal Government:


PM-SYM is an intentional and contributory annuity plot on a 50:50 premise where recommended age-explicit commitment will be made by the recipient and the matching commitment by the Focal Government according to the graph. For instance, assuming an individual enters the plan at an age of 29 years, he is expected to contribute Rs 100/ - each month till the age of 60 years an equivalent measure of Rs 100/ - will be contributed by the Focal Government.


5. Enrolment Cycle under PM-SYM:


The supporter will be expected to have a cell phone, investment funds ledger, and Aadhaar number. The qualified endorser might visit the closest Normal Administrations Places (CSC eGovernance Administrations India Restricted (CSC SPV)) and get enlisted for PM-SYM utilizing Aadhaar number and reserve funds financial balance/Jan-Dhan account number on self-certificate premise.


Afterward, an office will be given where the endorser can likewise visit the PM-SYM online interface or can download the versatile application and self-register utilizing Aadhar number/investment funds financial balance/Jan-Dhan account number on self-affirmation premise.


6. Enlistment organizations:


 The enrolment will be completed by every one of the Normal Administrations Communities. The chaotic specialists might visit their closest CSC alongside their Aadhar Card and Reserve funds Financial balance passbook/Jandhan account and gets enrolled themselves for the Plan. The commitment sum for the primary month will be paid in real money for which they will be given a receipt.


7. Help Focuses:


All the branch workplaces of LIC, the workplaces of ESIC/EPFO, and all Work workplaces of Focal and State Legislatures will work with the disorderly laborers about the Plan, its advantages and the strategy to be followed, in their individual communities.


In this regard, the courses of action to be made by all workplaces of LIC, ESIC, EPFO all Work workplaces of Focal and State Legislatures are given underneath, for simplicity of reference:


1. All LIC, EPFO/ESIC, and all Work workplaces of Focal and State Legislatures might set up an "Assistance Work area" to work with the sloppy specialists, guide them about the elements of the Plan, and direct them to the closest CSC


2. Every work area might comprise no less than one staff.


3. They will have scenery, standi at the primary door and an adequate number of pamphlets imprinted in Hindi and local dialects to be given to the sloppy laborers.


4. Sloppy specialists will visit these focuses with Aadhaar Card, Reserve funds ledger/Jandhan record, and cell phone.


5. Assist work area with willing to have nearby appropriate sitting and other fundamental offices for these specialists.


6. Some other measures planned to work with the disorderly specialists about the Plan, in their separate communities.


8. Fund Administration:


PM-SYM will be a Focal Area Plan directed by the Service of Work and Business and carried out through Extra security Enterprise of India and CSC eGovernance Administrations India Restricted (CSC SPV). LIC will be the Benefits Asset Administrator and answerable for Annuity payout. The sum gathered under PM-SYM benefits conspire will be contributed according to the speculation design determined by the Legislature of India.


Prerequisites for Enrolment


A Cell Phone


Investment funds Bank/Jan Dhan Record.


Aadhaar Number


PMSYM Enrollment 


PMSYM Registration

As of now, the applicant may visit the nearest CSC (Common Services Center) and submit the required details to get enroll

VLE will register the beneficiary electronically on the system.

A beneficiary has to pay 1st installment in cash to CSC

Now Shram Yogi Pension Number will be generated

VLE will print & hand over the Shram Yogi card to the beneficiary.