Prime Minister Shram Yogi Maandhan Yojana: There are lakhs of workers in the unorganized sector in the country who work as daily wage laborers, but due to not being associated with any organization, they do not get the benefit of facilities like PF for the future.
To provide financial help to these workers or laborers and strengthen them economically, different schemes are run by the Central and State Governments. One such scheme is ‘Shram Yogi Maandhan Yojana’, which can become a source of monthly income in your old age.
You will get pension benefit of Rs 30 thousand every year
In this scheme, workers get the benefit of pension of Rs 30,000 every year. This includes street vendors, rickshaw pullers, workers working in the construction sector and similar unorganized sectors.
If you also work in the unorganized sector and have not taken any pension plan till now, then you can take the plan of Pradhan Mantri Shram Yogi Maandhan Yojana.
You will get pension of Rs 3000 in Rs 55 per month.
- Under this scheme, workers in the unorganized sector get a pension of Rs 3000 after the age of 60 years.
- The government matches the contribution made by the beneficiary every month under the scheme.
- That means if your contribution is Rs 100 then the government will also add Rs 100 to it.
- If you are 18 years old, then you can arrange a pension of Rs 3,000 per month by investing Rs 55 every month.
Who will get pension under this scheme?
This scheme is for laborers working in the unorganized sector. These include domestic workers, street vendors, drivers, plumbers, tailors, mid-day meal workers, rickshaw pullers, construction workers, rag pickers, beedi makers, handloom workers, agricultural workers, cobblers, washermen, Leather workers have been included.
Click here to see the complete list
What are the rules?
For the scheme, the income of a worker in the unorganized sector should not exceed Rs 15,000. Savings Bank account or Jan-Dhan account should have passport and Aadhaar number. Age should not be less than 18 years and not more than 40 years. Not already availing the benefit of any other pension scheme of the Central Government.
What are the conditions?
- In case of default in contributing his/her share, the eligible member will be permitted to regularize the contribution by paying the dues along with interest. This interest will be decided by the government.
- If someone wishes to exit the scheme within 10 years from the date of joining the scheme, only his share of the contribution will be returned to him at the interest rate of the savings bank.
- If the pensioner exits the scheme after 10 years but before the age of 60 years, he will be returned his share of the contribution along with the actual interest earned in the pension scheme.
- In case of death of the member due to any reason, the spouse will have the option to run the scheme. For this he will have to contribute regularly.
- Apart from this, if the pensioner under this scheme dies after 60 years, then his nominee will get 50 percent pension.
- If a person is able to contribute to the scheme if he becomes temporarily disabled before the age of 60 years, he will have the option to exit the scheme by contributing his share along with the actual interest of the scheme.
For age group 18 to 28
- An 18 year old applicant will have to deposit Rs 55 per month.
- A 19 year old applicant will have to deposit Rs 58.
- A 20 year old person will have to deposit Rs 61.
- A 21 year old person will have to deposit Rs 64.
- If the age is 22 years then he will have to deposit Rs 68 every month.
- If the age is 23 years then they will have to deposit Rs 72 monthly.
- If the age is 24 years then the monthly installment will be Rs 76.
- If the age is 25 years then the applicant will have to deposit Rs 80 every month.
- A 26 year old person will have to pay Rs 85 per month to apply for the scheme.
- A 27 year old person will have to pay Rs 90 every month.
- A 28 year old person will have to pay an installment of Rs 95 per month.
An applicant aged between 29 to 40 years will have to pay this much installment.
- A 29 year old applicant will have to deposit Rs 100 per month.
- A 30 year old applicant will have to deposit Rs 105 per month.
- A 31 year old applicant will have to deposit Rs 110.
- A 32 year old applicant will have to deposit Rs 120 every month.
- A 33 year old applicant will have to deposit Rs 130 every month.
- A 34 year old applicant will have to deposit Rs 140 every month.
- If the age is 35 years then they will have to deposit Rs 150 every month.
- A 36 year old applicant will have to pay Rs 160 every month, the government will also give the same amount.
- A 37 year old person applying for the scheme will have to pay Rs 170 every month.
- A 38 year old person will have to pay Rs 180 every month.
- A 39 year old person will have to pay Rs 190 every month.
- If your age is 40 years, then to avail the benefit of this scheme, you will have to deposit Rs 200 every month.
How can you take advantage of the scheme?
For registration in Pradhan Mantri Shram Yogi Maandhan Pension Scheme, one will have to go to the Common Service Center (CSC) center. After this, information about Aadhar card, savings account or Jan Dhan account will have to be given there. You can show passbook, checkbook or bank statement as proof. You can also register your nominee while opening the account. Once your details are entered in the computer, you will automatically get the information about monthly contribution. After this you will have to make your initial contribution in the form of cash. After this your account will be opened and you will get the Shram Yogi card. You can get information about this scheme on toll free number 1800 267 6888.
