Mandhan Yojana: Unorganized sector workers deal with a variety of financial challenges. The government runs a number of different kinds of programs to get past these obstacles. The Central Government has also started the Shram Yogi Mandhan Yojana. Pensions would be given to all unorganized sector workers under this system whose monthly salary is ₹15000 or less. Union Minister Piyush Goyal announced the launch of this plan on February 1. Workers in unorganized industries, including drivers, rickshaw pullers, cobblers, tailors, laborers, domestic helpers, kiln workers, etc., are eligible to receive benefits from the Shram Yogi Maandhan Yojana.
On February 15, the Pradhan Mantri Shram Yogi Maandhan Yojana went into effect. After reaching 60 years old, members of this scheme will receive a pension of Rs 3,000 each month. The Pradhan Mantri Shram Yogi Mandhan Yojana 2023 beneficiaries must be between the ages of 18 and 40 in order to apply. Benefits from this scheme are not available to members of Employees’ State Insurance Corporation (ESIC), Employees Provident Fund (EPF), National Pension Scheme (NPS), or government employees. Employees participating in this program shouldn’t be subject to income taxes.
Objective of Pradhan Mantri Shram Yogi Maandhan Yojana
The primary goal of the PMSYM Yojana is to give unorganized sector workers financial support by providing them with a pension of Rs. 3,000 after they turn 60. With the money they receive from the scheme, the beneficiaries can meet their basic needs and live comfortable retirement years. could finish. Through the Shram Yogi Mandhan Yojana 2023, Shram Yogis will become independent and powerful. Through its government initiatives, the Indian government hopes to benefit and financially assist all of the underprivileged and laborers.
Prime Minister Shram Yogi Mandhan Yojana Details
Scheme Name
Pradhan Mantri Shram Yogi Mandhan Yojana
Launched By
Finance Minister Mr. Piyush Goyal
Launched date
1st February
Start date of scheme
15th February
Beneficiary
Unrecognized sector Workers
No of beneficiary
10 Crore approximate
Contribution
Rs 55 per month to Rs 200 Per month
Pension amount
Rs 3000 Per month
Category
Central Govt Scheme
Official website
https://maandhan.in/shramyogi
Some important information related to Prime Minister Shram Yogi Maandhan Yojana
Workers in the unorganized sector who are between the ages of 18 and 40 may apply under this program.
For an applicant to be eligible for the Shram Yogi Mandhan Yojana, their minimum wage must be ₹ 15000 or less.
The applicant is not eligible to receive benefits from any pension plans.
Through this arrangement, the beneficiary will receive a pension of ₹ 3000.
The beneficiary must make investments under this scheme between the ages of 18 and 40 in order to receive the pension amount.
Pension will be paid upon reaching 60 years of age.
These tax-paying citizens are not qualified to receive this scheme’s benefits.
The beneficiary may contribute on a monthly basis. In addition, contributions of quarters, half-years, and years can be made.
Benefits provided on withdrawal of Shram Yogi Mandhan Yojana
In the event that the beneficiary leaves the program within ten years of its inception, just his portion of the payment will be reimbursed, including with any interest that is due at the savings bank rate.
A portion of the contribution as well as any income accrued will be repaid to the beneficiary in the event that they leave the scheme before turning 60 but after the ten-year term has passed since they purchased it.
The beneficiary’s spouse may carry on the program by making regular contributions if the beneficiary has made contributions and passes away for whatever reason.
When the subscriber passes away, the fund will be credited back and
Main facts of Pradhan Mantri Shram Yogi Mandhan Yojana 2024
The Life Insurance Corporation of India will serve as a focal point for the scheme’s effective execution.
The beneficiary will also deposit a monthly premium at the LIC office, and at the scheme’s completion, LIC will also give the recipient a monthly pension.
A direct bank transfer will be used to credit the beneficiary’s account with this monthly pension.
You can visit the website provided below or obtain more information about Shram Yogi Mandhan Yojana by contacting the Life Corporation of India office that is closest to you.
As per the available data, around 64.5 lakh individuals had registered as of May 6.
Benefits of Pradhanmantri Shram Yogi Mandhan Yojana
Workers in the unorganized sectors of the economy, such as drivers, rickshaw pullers, cobblers, tailors, laborers, domestic helpers, and brick kiln workers, will gain from this program.
After the age of 60, eligible beneficiaries will get a pension payment of Rs 3,000 per month under this system.
The government credits your account with the same amount that you contribute to the PM Shram Yogi Maandhan Yojana.
Your wife will receive half of your lifelong pension of Rs. 1,5000 upon your passing.
Through an auto debit feature, the beneficiaries’ savings bank account or Jan Dhan account would be used to directly deposit the Rs 3,000 government grant under this plan.
PMSYM Enrollment Process
Who cannot avail the benefits of Pradhanmantri Shram Yogi Mandhan Yojana?
people working in organized sector
Employees Provident Fund members
National Pension Scheme members
Member of State Employees Insurance Corporation
people paying income tax
Beneficiaries of Prime Minister Shram Yogi Maandhan Yojana
marginal and small-scale farmers
agricultural laborer without land
angler and zookeeper
packaging and labeling employees in stone quarries and brick kilns
Workers in the building and infrastructure industries; leather workers; artisan weavers; sweepers; domestic employees; vendors of fruits and vegetables; migratory laborers, etc.
Exit and petrol under Pradhan Mantri Shram Yogi Mandhan Yojana
Should you depart from Shram Yogi Mandhan Yojana in the middle, you would be required to adhere to the guidelines listed below.
The payment will be made at the rate of a savings bank account if the beneficiary leaves the program before ten years have passed.
The beneficiary’s life partner may carry on this plan in the event of the beneficiary’s death for any cause.
The beneficiary will get the contribution and the accumulated interest at the contribution or savings bank rate, whichever is higher, if they leave the program after ten years or more but before they turn sixty.
The spouse of an individual who retires permanently before turning 60 years old and is unable to carry on with the scheme may do so.
In addition to this, the government may grant additional departure provisions based on the NSSB’s recommendations.
Eligibility for PM Shram Yogi Mandhan Yojana
The candidate needs to be employed in the unorganized sector.
Employees in the unorganized sector should not make more than Rs 15,000 per month.
The candidate’s age should range from 18 to 40 years old.
The primary requirement is that you must not be a taxpayer or an income tax payer.
The eligible individual should not be covered by NPS, ESIC, or EPFO.
Subscribers must have both a mobile phone and an Aadhaar number (Aadhaar Card).
A savings bank account is also necessary for the program.
How to apply for Prime Minister Shram Yogi Maandhan Yojana?
In order to apply for the Shram Yogi Mandhan Yojana, prospective beneficiaries must first visit the closest public service center with all of their supporting documentation, including their bank passbook, mobile number, and Aadhar card.
Following this, the applicant must provide the CSC officer with all of your documentation. Following this, a CSC Agent will fill up your application, print it, and present it to you.
Following that, print up the application form and store it somewhere safe for later. Your application for the PMSYM Scheme will be processed in this manner.
The professional shram yogi mandhan yojana website must be visited first.
The home web page will now load in the front of you.
On the home web page, you have to click on the “right here to apply now” hyperlink.
You’ll note the option to “click right here to use now” on this home web page. it’s far important which you choose this option. the following web page will open in front of you once you click on on the selection.
You need to select the Self Enrollment option that is displayed on this page. You will need to input your mobile number after selecting the option. Next, you need to press the Proceed button.
You must then select the “Generate OTP” option after entering your name, email address, and captcha code on the screen after pressing the button. After that, you must click on Verify after entering the OTP.
You will next need to complete the remaining sections of the application. The JPIG Form must have the required documentation uploaded. The application form must then be submitted following review.
Take a printout of this after that and store it.
Pradhan Mantri Shram Yogi Mandhan Yojana through CSC VLE
The pradhan mantri shram yogi maandhan yojana professional internet site have to be visited first.
Following this, the principle web page will appear to you.
You must click the “here to use now” link at the the front web page.
At this factor, you have to click on the csc vle hyperlink.
You will then be triggered to enter your username and password on a brand new web page that opens.
At this factor, you should click the check in button.
At this point, you ought to pick shram yogi mandhan yojana under the schemes menu.
The pradhan mantri software form appears as soon as you click on on this selection. in front of you may open shram yogi maandhan yojana.
All necessary data, which includes your name, e mail address, house, kingdom, district, and other information, ought to be entered into this shape.
AllOf the essential paperwork ought to now be uploaded.
Following this, you need to press the submit button.
This can permit you to put up an software.
Sign in process
To get entry to the pradhan mantri shram yogi maandhan yojana legit website, you have to move there.
It’ll now open to the house page in front of you.
You need to click on the “sign in” link on the main web page.
The options listed below will now become visible to you.
independent enrollment
CSC vle
The one that best fits your demands ought to be selected.
This could cause a new page to open in the front of you.
On this screen, you want to enter your password, username, and captcha code.
The subsequent step is to choose the check in alternative.
PM Shram Yogi Mandhan Yojana Process to donate pension
Your first step should be to visit the pradhan mantri shram yogi maandhan yojana’s reputable internet site.
You may now be capable of view the primary web page.
Clicking on the donate and pension option is needed on the home page.
Your display screen will now open to a brand new page.
You have to choose the csc vle or self login alternative in this display screen.
You must now log in and select the donate pension alternative.
Your display screen will then open to a new page.
You have to enter your fee data to finish the charge process in this page.
You will be capable of donate pension on this technique.
Contat Us
Director General (Labor Welfare) and Joint Secretary, Ministry of Labor and Employment, Government of India
Helpline: 1800 267 6888
E-Mail: vyapari@gov.in | shramyogi@nic.in
FAQs
Q: What is Maan Dhan Yojana?
Ans: The M Kisan Maandhan Yojana is available to farmers between the ages of 18 and 40 (PMKMY). If you make monthly contributions according on your age, you will receive a pension of Rs 3,000 per month or Rs 36,000 per year once you turn 60. A monthly donation ranging from Rs 55 to Rs 200 would be required.
Q: How to avail the benefits of Maandhan Yojana?
Ans: Apply in person at the public service location closest to you. You will then need to provide the VLE with all required documentation. He will then incorporate your application into the plan after this. In addition, you can apply for the program directly by going to the Pradhan Mantri Kisan Maandhan Yojana official website.
Q: Who will be the beneficiaries under Pradhan Mantri Shram Yogi Maandhan Yojana?
Ans: The applicant’s age should range from 18 to 40 years old.