Contribute monthly 55 rupees and get old age pension of rupees 3000 per month with benefits of Family pension under Pradhan Mantri Shram Yogi Mandhan Yojana scheme. This scheme is designed for unorganized sector employees with specific income group i.e. who’s monthly income is less than 15000 rupees and is employed in unorganized sector..
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Pradhan Mantri Shram Yogi Mandhan Yojana | PM shram yogi mandhan yojana.
PM shram yogi mandhan yojana scheme is for unorganized sector employees with monthly salary of less than 15000 rupees and are not member of NPS, ESIC, EPF.
Eligibility for Pradhan Mantri Shram Yogi Mandhan Yojana
- Minimum age for entry in the scheme is 18 years and maximum age is 40 years.
- Subscriber must be employed in unorganized sector.
- Monthly salary of the subscriber should not exceed 15000 rupees.
- Should not be a member/ subscriber of NPS, ESIC, EPF
Who are not eligible for PM Shram Yogi Mandhan Yojana
Pradhan Mantri Shram Yogi Mandhan yojana is not for all, it is designed for a specific income group working in specific sector . So, not everyone can become part of this pension scheme. Below is the list which is excluded from subscription of PM Shram Yogi Mandhan Yojana.
- Who are working in organized sector are not allowed to register under this scheme.
- Income tax payers are not allowed to subscribe to this pension scheme.
- Those who are subscriber of National Pension Scheme (NPS) are not allowed to register in this pension scheme.
- Those who are subscriber of Employees State Insurance Corporation (ESIC) are not allowed to register in this pension scheme.
- Those who are subscriber of Employees Provident Fund (EPF) are not allowed to register in this pension scheme.
Important features of Pradhan Mantri Shram Yogi Mandhan yojana
You can apply for PM Shram Yogi Mandhan Yojana from Common service centers or from official website of government through online mode.
- PM Shram Yogi Mandhan Yojana guarantees minimum pension of 3000 rupees per month
- Pradhan Mantri Shram Yogi Mandhan yojana is only for those working in unorganized sector.
- Family pension is applicable to spouse only. If during the receipt of pension subscriber dies then 50% of pension amount i.e. 1500 will be given to spouse.( spouse must not be already a beneficiary/subscriber of this scheme).
- Aadhaar card is mandatory for PM Shram Yogi Mandhan Yojana
- Saving bank account is mandatory for this scheme.
- If subscriber wants to exit the scheme before period of 10 years, the beneficiary will get amount which was contributed along with saving bank interest rate( Govt. share will be reduced ).
- If subscriber wants to exit the scheme after period of 10 years but before attaining age of 60, the beneficiary will get amount which was contributed along with interest rate as actually earned on the funds or at saving bank interest rate whichever is higher.
- If subscriber of Pradhan Mantri Shram Yogi Mandhan yojana become permanently disabled due to same cause before attaining 60 years of age and is not able to contribute their share into the scheme, then spouse can continue the scheme with their contribution or they may exit the scheme (amount contributed + interest actually earned on the funds or SB bank interest whichever is higher will be refunded)
- If subscriber has any default, they may regularize it by contributing entire amount dues along with some penalty charges (penalty will be decide by govt. from time to time).
- For any compliant or redressal you can contact on 1800 2676 888 24*7 toll free number.
Contribution table of Pradhan Mantri Shram Yogi Mandhan yojana
| Entry age | Superannuation age | Member’s contribution | Govt. contribution | Total contribution |
| 18 | 60 | 55 | 55 | 110 |
| 19 | 60 | 58 | 58 | 116 |
| 20 | 60 | 61 | 61 | 122 |
| 21 | 60 | 64 | 64 | 128 |
| 22 | 60 | 68 | 68 | 136 |
| 23 | 60 | 72 | 72 | 144 |
| 24 | 60 | 76 | 76 | 152 |
| 25 | 60 | 80 | 80 | 160 |
| 26 | 60 | 85 | 85 | 170 |
| 27 | 60 | 90 | 90 | 180 |
| 28 | 60 | 95 | 95 | 190 |
| 29 | 60 | 100 | 100 | 200 |
| 30 | 60 | 105 | 105 | 210 |
| 31 | 60 | 110 | 110 | 220 |
| 32 | 60 | 120 | 120 | 240 |
| 33 | 60 | 130 | 130 | 260 |
| 34 | 60 | 140 | 140 | 280 |
| 35 | 60 | 150 | 150 | 300 |
| 36 | 60 | 160 | 160 | 320 |
| 37 | 60 | 170 | 170 | 340 |
| 38 | 60 | 180 | 180 | 360 |
| 39 | 60 | 190 | 190 | 380 |
| 40 | 60 | 200 | 200 | 400 |
In this scheme if you start contributing at an early age then the amount given by you is way less than what you pay at later age. For example when you start contributing at 18 then you pay around 27720 rupees and at 30 you pay 37800 rupees and at age 40 you have to pay 48000 rupees.
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Click FOR PM Shram Yogi Mandhan yojana registration
PM shram yogi mandhan yojana official website
Frequently asked question on Pradhan Mantri Shram Yogi Mandhan yojana
What is pradhan mantri shram yogi mandhan yojana?
PM shram yogi mandhan yojana is a old age pension scheme designed for unorganized sector employees with monthly salary of less than 15000 rupees and who are not member of NPS, ESIC, EPF.
What is PMSYM?
PMSYM stand for pradhan mantri shram yogi mandhan yojana.
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