PM Shram Yogi Maandhan PMSYM Scheme 2025 > Eligibility, Pension Benefits & Contribution Details

The PM Shram Yogi Maandhan PMSYM Scheme 2025 is an important social security initiative by the Government of India that has aim of offering guaranteed pension benefits to workers in the unorganised sector. This scheme targets millions of labourers such as domestic helpers, street vendors, agricultural workers, construction labourers, rickshaw pullers, beedi workers, and similar occupations whose incomes are irregular and lack formal retirement protection. Under this plan, eligible participants receive a fixed monthly pension of rs 3,000 after turning 60 provided they make regular monthly contributions matched equally by the Central Government on a 50:50 basis. The objective is to provide financial stability and dignity in old age to workers with limited savings and no access to statutory retirement benefits. The scheme is voluntary, affordable, and designed to be easy to join through Common Service Centres or the official PMSYM portal.

Who Can Benefit from PMSYM?

To join the PM Shram Yogi Maandhan PMSYM Scheme 2025, prospective workers must satisfy several eligibility conditions:

1. Applicant Must be actively working in the unorganised sector (e.g. rag pickers, head loaders, street vendors, artisan workers, etc.).
2. Applicants Age of the applicant should be between 18 and 40 years at the time of enrollment.
3. Monthly income should not exceed ₹15,000.
4. The worker must not already be covered under any formal pension or social security schemes such as EPF, ESIC, or NPS.
5. The applicant cannot be an income tax payer.
6. A savings bank or Jan Dhan account, Aadhaar card, and registered mobile number are mandatory for enrolment.

How Registration Works Under PMSYM

For successful registration applicant must go through following steps:

1. Visit your nearest Common Service Centre (CSC) with your Aadhaar, savings/Jan Dhan account passbook, and mobile number.
2. Provide your Aadhaar and bank details to the CSC operator for verification.
3. Complete the self-certification form for PMSYM and give consent for auto-debit of monthly contribution.
4. Pay the first month’s contribution in cash at the CSC to activate your account and receive a receipt.
5. After registration, contributions will be auto-debited from your bank account every month.
6. You will be issued a PMSYM enrollment slip or card as proof of subscription.

The scheme is also available for online self-registration through the official portal or mobile app using Aadhaar and bank account details, making the enrolment process more accessible to workers across India.

Monthly Contribution Structure

Under the scheme, the monthly contribution varies with the age at which you join. Both the subscriber and the government pay equal amounts every month until the worker turns 60. Here’s a simplified view of how contributions change:

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Key Financial Benefits of PMSYM

The PMSYM scheme provides several advantages that make it valuable for unorganised sector workers:

1. Guaranteed Monthly Pension: Each beneficiary receives ₹3,000 per month after turning 60, irrespective of market fluctuations.
2. Family Pension: If a pensioner dies after receiving the pension, the spouse is eligible to receive 50% of the monthly pension as family pension.
3. Government Matching Contribution: The Central Government matches the worker’s monthly contribution, effectively doubling the savings.
4. Flexible Exit and Withdrawal: The scheme includes clear provisions for exiting with interest if a worker leaves before 60 years or due to disability or death, ensuring fair treatment of contributions.

Option to Exit and Withdrawal Rules

PMSYM recognises that workers in informal sectors may face uncertainty in incomes. Therefore, it includes flexible rules if someone exits the scheme before reaching 60:

1. If you exit within the first 10 years, only your own contribution is refunded with savings bank interest.
2. If you exit after 10 years but before 60, you receive your contribution with accumulated interest (higher of fund or savings bank rate).
3. On permanent disability or death before 60, the spouse can either continue in the scheme or exit with the accumulated amount and interest.

FAQs About PM Shram Yogi Maandhan PMSYM Scheme 2025

1. What is the minimum monthly pension provided under PMSYM?
Under the PM Shram Yogi Maandhan PMSYM Scheme 2025, a beneficiary receives a fixed pension of ₹3,000 per month after the age of 60.

2. Can women and men both join PMSYM?
Yes, both male and female unorganised workers between 18 and 40 years are eligible to enroll, provided they meet income and other criteria.

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3. Is there any pension benefit for children if the subscriber dies?
No. Only the spouse of the subscriber is entitled to receive 50% of the pension as family pension after the worker’s death.

Important Links

Official PMSYM Portal – https://labour.gov.in

Apply Online – https://labour.gov.in/en/pm-sym