Rs 55 monthly investment can fetch Rs 3,000 pension — who is eligible under this govt scheme The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) scheme offers unorganised sector workers a guaranteed monthly pension of Rs 3,000 after the age of 60. Launched in 2019, this government initiative aims to provide financial security to millions of workers who lack access to formal retirement benefits such as the Employees’ Provident Fund (EPF) or National Pension System (NPS). The scheme operates on a simple model: contributors pay a small monthly amount, and the government matches their contribution, ensuring a fixed pension upon retirement. Eligibility for the PM-SYM scheme is restricted to individuals aged between 18 and 40 years with a monthly income of Rs 15,000 or less. Workers in the unorganised sector, including street vendors, construction laborers, domestic helpers, and small traders, are eligible to join. Participants must not already be members of EPFO, ESIC, or NPS. This makes the scheme particularly relevant for those without formal social security coverage. The contribution required varies based on the applicant’s age. Younger entrants start with a monthly payment of Rs 55, while those joining closer to the age of 40 pay up to Rs 200. The government fully matches these contributions, meaning beneficiaries contribute 50% of the total amount, with the remaining 50% covered by the Central Government. This structure ensures affordability for low-income workers. Enrolling in the PM-SYM scheme is straightforward. Applicants can visit their nearest Common Service Centre (CSC), which operates across India, or register online via the official Maandhan portal. The ease of access is designed to ensure even remote workers can participate.#pradhan_mantri_shram_yogi_maan_dhan #common_service_centre #employees_provident_fund #national_pension_system #eshram_portal
