PM Maandhan Yojana: The Central Government has launched the Pradhan Mantri Shram Yogi Maandhan Yojana for the workers working in unorganized sectors. This scheme helps people to meet their financial needs in old age. Learn about it here…
PM Shramyogi Mandhan Yojana: The Central Government is operating the Pradhan Mantri Shram Yogi Mandhan Yojana for the unorganized workers of India. The objective of this scheme is to provide old age and social security to unorganized laborers. According to the information received, there are about 42 crore unorganized workers across the country under this scheme. Know here all the details about Pradhan Mantri Shram Yogi Maandhan Yojana…
Voluntary and contributory scheme
Under Pradhan Mantri Shram Yogi Maandhan Yojana, any person can invest money in it. Contributory scheme means that you have to invest in it, in which the beneficiary will get a minimum assured amount of Rs 3,000 every month as a pension after the age of 60 years i.e. after the maturity period. At the same time, in case of untimely death of the beneficiary, his wife or husband will get 50 percent pension as family pension.
Government pension scheme
Under Pradhan Mantri Shram Yogi Maandhan Yojana, the applicant gets a fixed pension every month after the age of 60 years. Only unorganized workers can apply under this scheme.
Main conditions for availing the scheme
- The age limit for investment should be between 18 to 40 years.
- The monthly income of the applicant should be Rs 15,000 or less.
- Applicant should not be employed in any organized sector (member of EPFO/NPS/ESIC).
- The application does not come under the purview of income tax.
- For the application, it is necessary to have a savings bank account / Jan-Dhan account number with Aadhaar card and IFSC.
Here’s the easiest way to apply
For applying under PM Maandhan Yojana, one has to visit the nearest CSC center. To open an account, you will have to take a photocopy of Aadhaar, passport size photo, savings or Jan Dhan account, bank passbook or cheque, bank statement with you. The initial contribution amount will be given in cash to the Village Level Entrepreneur (VLE).
These people will get benefit
Unorganized workers like home workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washermen, rickshaw pullers, landless workers, agricultural, construction workers, beedi, Workers working in handloom and leather workers or other similar businesses can open their account under this scheme.
