To provide financial security to the workers of the unorganized sector in old age, the government has launched Pradhan Mantri Shram Yogi Maandhan Yojana. Under this, the government will give a pension of Rs 3000 per month after the age of 60 years to workers with income less than Rs 15,000. Under this scheme, you can arrange a pension of 3 thousand rupees for yourself by investing only 55 rupees every month. The plan has been detailed out for your reference.
What is the plan?
Under this scheme, workers in the unorganized sector get a pension of Rs 3000 after the age of 60 years. Under the scheme, the contribution that the beneficiary makes every month, the more the government mixes in it. That is, if your contribution is 100 rupees then the government will also add 100 rupees to it.
Who will get pension under this scheme?
This scheme is for labourers working in the unorganized sector. These include houseworkers, hawkers, drivers, plumbers, tailors, mid-day meal workers, rickshaw drivers, construction workers, garbage pickers, beedi makers, handlooms, agricultural workers, cobblers, washermen, leather workers are included. Click here to see the complete list
What is the rule?
The income of the unorganized sector labourer should not exceed Rs 15,000 for the scheme. Saving bank account or Jan-Dhan account should have a passport and Aadhaar number. Age should not be less than 18 years and not more than 40 years. It has not already taken advantage of any other pension scheme of the Central Government.
What are the conditions?
In case of default in contribution (instalment) of its share, the eligible member will be allowed to regularize the contribution by paying the arrears with interest. The government will decide this interest.
If it is willing to withdraw from the scheme within 10 years from the date of joining the scheme, then only its share contribution will be returned to the savings bank interest rate.
If the pensioner leaves the scheme after 10 years but before the age of 60 years, he/she will be returned his / her contribution along with the actual interest earned in the pension scheme.
In case of death of a member due to some reason, the spouse will have the option to run the scheme. For this, he will have to contribute regularly.
Apart from this, if the pensioner dies after 60 years under this scheme, his nominee will get 50% pension.
If able to contribute to the scheme if temporarily disabled before the age of 60 years, then he will have the option to withdraw from the scheme by contributing his share with the actual interest of the scheme.
What age will the person have to pay for the contribution?
For ages 18 to 28
According to the labour ministry, an 18-year-old applicant will have to deposit Rs 55 per month. A 19-year-old applicant will have to deposit Rs 58. A person of 20 years will have to deposit 61 rupees. A person of 21 years will have to deposit 64 rupees. If applying at the age of 22 years, then they have to deposit 68 rupees every month. If he is 23 years, then he will have to deposit 72 rupees monthly. If the age is 24 years, then the monthly instalment will have to be Rs 76. If the age at the time of applying is 25 years, then the application will have to be deposited 80 rupees every month. A person of 26 years will have to pay Rs 85 per month to apply in the scheme. A person of 27 years will have to pay 90 rupees every month. A person of 28 years will have to pay an instalment of Rs 95 per month.
Applicants between 29 to 40 years will have to pay so much instalment
The 29-year-old applicant will have to deposit Rs 100 per month. A 30-year-old applicant will have to deposit Rs 105 per month. The 31-year-old applicant will have to deposit Rs 110. The 32-year-old applicant will have to deposit Rs 120 per month. The 33-year-old applicant will have to deposit Rs 130 per month. The 34-year-old applicant will have to deposit Rs 140 every month. The age is 35 years, then they have to deposit 150 rupees every month. The 36-year-old applicant will have to pay 160 rupees every month, the government will give the same amount. A person of 37 years will have to pay 170 rupees every month for applying in the scheme. A person of 38 years will have to pay 180 rupees every month. A person of 39 years will have to pay 190 rupees every month. If you are 40 years old, then you can apply to take advantage of this scheme. You have to deposit 200 rupees every month.
How can one avail the scheme?
For registration in Pradhan Mantri Shram Yogi Maandhan Pension Yojana one has to visit the Common Service Center (CSC) Center. After this, the Aadhar card and savings account or the Jan Dhan account will have to be given. You can show passbook, chequebook or bank statement as proof. You can also register a nominee at the time of opening an account.
Once your details are registered in the computer, the information of monthly contribution will be received automatically. After this, you have to make your initial contribution in the form of cash. After this, your account will open and you will get the Shram Yogi Card. You can get information about this scheme on 1800 267 6888 toll-free number.