Pradhan Mantri Shram Yogi 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 under 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 plan would get a pension of Rs 3,000 each month. The Pradhan Mantri Shram Yogi Mandhan Yojana 2024 recipients must be between the ages of 18 and 40 to be eligible to apply. Benefits from this program are not available to members of workers’ State Insurance Corporation (ESIC), Employees Provident Fund (EPF), National Pension program (NPS), or government workers. 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 2024, 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 workers.
Pradhan Mantri Shram Yogi Mandhan YojanaDetails
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 recipient will receive a pension of ₹ 3000.
The beneficiary must make investments under this program between the ages of 18 and 40 in order to receive the pension amount.
Pension will be paid at reaching 60 years of age.
These tax-paying people are not qualified to receive this scheme’s advantages.
Investment can be made by the recipient on 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 interest accrued will be returned to the beneficiary in the event that they leave the scheme before turning 60 but after the ten-year period has passed since they purchased it.
The recipient’s spouse may carry on the program by making monthly payments if the beneficiary has made contributions and passes away for whatever reason.
When the subscriber passes away, the fund will be refunded back and
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, would gain from this program.
After the age of 60, qualified recipients would get a pension payment of Rs 3,000 per month under this system.
The government credits your account with the same amount that you give 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.
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
small and marginal farmers
landless agricultural laborer
fisherman
animal keeper
Labeling and packing workers in brick kilns and stone quarries
construction and infrastructure workers
leather artisan
weaver
sweeper
domestic workers
vegetable and fruit seller
migrant 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 recipient will get the contribution and the accrued 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 becoming 60 years old and is unable to go on with the plan may do so.
In addition to this, the government may grant further departure provisions based on the NSSB’s recommendations.
How to apply for Prime Minister Shram Yogi Maandhan Yojana?
In order to apply for the Shram Yogi Mandhan Yojana, prospective recipients 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 save it somewhere safe for later. Your application for the PMSYM Scheme will be processed in this manner.
You have to visit the shram yogi mandhan yojana’s reputable internet site first.
You’ll now be able to view the main web page.
Clicking the “here to use now” hyperlink will take you to the main web page.
The option to “Click here to apply now” is visible on this main page. This is an option that you must select. You will get the following page when you click on the choice.
You need to select the Self Enrollment option that is displayed on this page. You will need to input your cellphone 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 evaluation.
Take a printout of this after that and store it.
How to register through CSC center?
Interested labor residents must visit the closest public convenience center to register through the CSC center.
Bring every paperwork you need to the Jan Suvidha Kendra.
When you’re ready to register for the Pradhan Mantri Shram Yogi Maandhan Yojana, get in touch with the public facility operator.
The Public Facilities Director will complete the registration application.
The applicant’s mobile number will get the registration number following a successful registration.
The citizen will have finished the registration procedure through the CSC center in this way.
Q: When was PradhanMantri Shram Yogi Mandhan Yojana implemented in the country?
Ans: The nation officially launched the Pradhan Mantri Shram Yogi Mandhan Yojana on February 15, 2019.
Q: Which citizens of the country are eligible for the Prime Minister Shram Yogi Maandhan Yojana?
Ans: Eligible individuals for the Pradhan Mantri Shram include laborers who work in unorganized sectors including as home health care, drivers, plumbers, cobblers, tailors, rickshaw pullers, washermen, and agricultural laborers, among others. Maandhan Yojna Yogi.
Q: How much premium will a citizen have to pay through PMSYM Scheme?
Ans: Working persons who wish to participate in the PMSYM Scheme must deposit a premium that ranges from Rs 55 to Rs 200.
Q: Workers of how many years are eligible to pay premium for the Citizen Scheme?
Ans: The program allows all of the nation’s working residents who are between the ages of 18 and 40 and who are employed in unorganized sectors to deposit premiums.