Pradhan Mantri Shram Yogi Maan-dhan

The “Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM)” by the Ministry of Labour and Employment, Government of India. The scheme aims to provide old-age social security to unorganized workers by offering a minimum assured monthly pension and family pension benefits after attaining 60 years of age, through a voluntary and contributory framework with equal contributions from the beneficiary and the Central Government, along with flexible exit provisions to address uncertainties of unorganized employment. The scheme is implemented by Life Insurance Corporation of India (LIC) through CSC eGovernance Services India Limited (CSC SPV).

Minimum Assured Pension

• ₹3,000 per month after attaining 60 years of age.
• Pension is payable for the lifetime of the subscriber.

Family Pension

• On the death of the subscriber after pension commencement, the spouse receives 50% of the pension amount.
• Family pension is applicable only to the spouse.

Government Contribution

• Equal monthly contribution by the Central Government matches the subscriber’s contribution.
• Continuation or Exit on Death/Disability Before 60 Years
• The spouse may continue the scheme by paying contributions.
• Alternatively, accumulated contributions with applicable interest may be withdrawn.

Mode of Disbursement

• Pension is disbursed directly into the beneficiary’s bank account.

1. The applicant should be an unorganized worker.
2. The applicant should be aged between 18 and 40 years at the time of enrollment.
3. The applicant's monthly income should not exceed ₹15,000.
4. The applicant should have a savings bank account or Jan-Dhan account.
5. The applicant should possess a valid Aadhaar number.
6. The applicant should not be an income tax payer.
7. The applicant should not be covered under the Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC), or National Pension System (NPS).

Online - via CSC

Step 1: The applicant should gather copies of the necessary documents needed to apply for the concerned scheme.
Step 2: The applicant should visit the nearest Common Service Center (CSC) and complete the Biometric Verification Process.
Step 3: The applicant should provide their Aadhaar number, bank account details, and mobile number and complete self-certification at the CSC.

NOTE:

• To find the nearest CSC, please visit locator.csccloud.in

• The first month’s contribution should be paid in cash at the CSC.

• Subsequent contributions will be auto-debited from the bank account.

• Online self-registration through the PM-SYM portal or mobile app is also available.

Grievance Redressal:

• Toll-Free Customer Care Number: 1800 267 6888 (Available 24×7).
• Complaints can also be registered through the web portal or mobile application.