The Pradhan Mantri Shram Yogi Mandhan Yojana (PMSYM) 2024 is a government initiative aimed at providing financial security to unorganized sector workers during their old age. Many workers in this sector face economic challenges, struggling to meet daily needs and lacking savings or pension benefits. This scheme ensures a monthly pension of ₹3000 for eligible workers after they turn 60 years old, helping them live independently and with dignity.
To avail of the scheme, workers need to enroll and regularly contribute premiums until they reach the age of 60. This initiative, launched by the Ministry of Labour and Employment, has been operational since 2019 and targets 10 crore beneficiaries across India. Here’s everything you need to know about the scheme, including eligibility, benefits, and the application process.
Highlights of PMSYM 2024
- Scheme Name: Pradhan Mantri Shram Yogi Mandhan Yojana
- Launch Year: 2019
- Coverage: All states and Union Territories
- Monthly Pension: ₹3000
- Monthly Contribution: ₹55 to ₹200, depending on the age of enrollment
- Age Limit for Enrollment: 18 to 40 years
- Target Beneficiaries: Approximately 10 crore workers in the unorganized sector
- Official Website: maandhan.in
What is Pradhan Mantri Shram Yogi Mandhan Yojana?
PMSYM is a contributory pension scheme designed for workers in the unorganized sector, such as daily wage laborers, domestic workers, construction workers, and small-scale farmers. Beneficiaries contribute a small amount monthly, which is matched by the government. Upon reaching 60 years of age, they start receiving a monthly pension of ₹3000 for life.
Objective of PMSYM
The main goal of this scheme is to provide financial independence to unorganized sector workers in their old age. By offering a steady monthly pension, the government ensures that workers can live with dignity without relying on others for financial support.
Key Benefits of PMSYM 2024
- Guaranteed Pension: Workers receive ₹3000 per month after turning 60.
- Spousal Benefit: In the event of the worker’s death, the spouse is entitled to half the pension amount (₹1500).
- Direct Bank Transfer: The pension is credited directly to the beneficiary’s bank account.
- Refundable Contribution: If a worker exits the scheme within 10 years, they can claim their contribution along with the accrued interest.
- Government Contribution: The government matches the worker’s premium to the fund.
Eligibility for PMSYM 2024
To enroll in the scheme, the worker must meet the following criteria:
- Age Limit: 18 to 40 years.
- Income: Monthly income should be below ₹15,000.
- Employment Sector: Should belong to the unorganized sector (e.g., daily wage workers, domestic helpers, or small farmers).
- Non-Eligibility: Government employees, income taxpayers, and members of EPFO, NPS, or ESIC cannot apply.
Required Documents for PMSYM Application
- Aadhaar Card
- Bank Passbook
- Recent Passport-Sized Photo
- Valid Mobile Number
- Proof of Address
How to Apply for PMSYM 2024
1. Apply via Common Service Centers (CSC):
- Visit your nearest CSC.
- Provide the required documents.
- The operator will assist in filling out the application form.
- After successful enrollment, you will receive a unique pension card.
2. Self-Enrollment Online:
- Go to the official website: maandhan.in.
- Select “Self-Enroll.”
- Enter your mobile number and verify using an OTP.
- Complete the form and upload the required documents.
Rules for Withdrawal from the Scheme
- If a worker exits the scheme within 10 years, they will receive their contribution along with interest.
- If they exit after 10 years but before turning 60, both the worker’s and the government’s contributions, with interest, will be refunded.
- In case of death, the spouse can continue contributing to receive benefits or withdraw the entire amount.
How to Donate Pension to PMSYM
- Visit the official website.
- Click on the “Donate Pension” option.
- Enter the required payment details to make your contribution.
E Shram Card: A Comprehensive Guide
The E Shram Card is an initiative by the Government of India aimed at providing a unique identification system and welfare benefits to unorganized sector workers. It serves as a centralized database for workers, enabling them to access government schemes easily and efficiently.
E Shram Card Self-Registration Online
Workers can register for the E Shram Card online through the official portal eshram.gov.in. The process requires basic details such as Aadhaar, mobile number linked to Aadhaar, and bank account information. This self-registration system simplifies access for workers without requiring intermediaries.
E Shram Card Download by Mobile Number
Once registered, workers can easily download their E Shram Card using their mobile number. The process involves logging in to the portal, verifying the OTP sent to the registered number, and downloading the card in a printable format.
Shramik Card
The Shramik Card, commonly referred to as the E Shram Card, is a significant step towards empowering laborers and daily wage workers. It is specifically designed to ensure the inclusion of marginalized groups in social security programs.
E Shram Card List
The E Shram Card List is a database of all registered workers. This list helps government bodies to identify beneficiaries for various welfare schemes. Workers can check their inclusion in the list through the E Shram portal.
E Shram Card Status Check
Registered workers can check their E Shram Card status online by entering their application number or registered mobile number on the official portal. This feature ensures transparency and helps users track their registration and benefits status.
E Shram Card Balance Check Number
The balance associated with benefits under the E Shram scheme can be checked through a dedicated helpline or by visiting the portal. Workers often receive direct benefits under schemes linked to their E Shram Card.
E Shram Card Benefits
The E Shram Card provides access to numerous government schemes, accidental insurance of up to ₹2 lakh, and priority inclusion in future welfare programs. It also ensures easy access to employment opportunities and financial assistance during crises.
The E Shram Card initiative is a transformative step toward securing the future of unorganized workers in India. By providing a single platform for registration, tracking, and benefits, the scheme significantly enhances accessibility and transparency for millions of laborers across the country.
Frequently Asked Questions
1. What is PMSYM 2024?
It is a pension scheme providing ₹3000 per month to unorganized sector workers after they turn 60.
2. Who is eligible for PMSYM?
Workers aged 18–40 years with a monthly income below ₹15,000, working in the unorganized sector.
3. How can I apply for PMSYM?
You can apply at your nearest CSC or via the official website.
4. What happens if I leave the scheme early?
You can claim your contribution with interest if you exit before 60.
5. Is there a spousal benefit under PMSYM?
Yes, the spouse receives half the pension amount if the beneficiary passes away.
Conclusion
The Pradhan Mantri Shram Yogi Mandhan Yojana 2024 is a life-changing scheme for unorganized sector workers. By securing their old age with a guaranteed pension, the government aims to ensure financial stability and independence for millions of workers across India.