Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM) is a flagship social security scheme launched by the Government of India to provide financial stability and old-age income protection to workers in the unorganised sector. Millions of unorganised workers in India earn their livelihood without access to formal pension benefits. The PM-SYM scheme fills this gap by offering a guaranteed monthly pension after retirement, helping workers live with dignity and financial independence in old age.
This scheme is voluntary, contributory, and jointly supported by the subscriber and the Central Government on a 50:50 basis.
Scheme Launch Date
- PM-SYM was launched in 2019
- Operational and active as on 08 January 2026
- Implemented nationwide across all states and union territories
Objective of PM-SYM
- To provide minimum assured pension of ₹3,000 per month
- To cover unorganised workers with low and irregular income
- To ensure social security after the age of 60
- To reduce old-age poverty among informal sector workers
Who Can Benefit from PM-SYM (Target Beneficiaries)
The Pradhan Mantri Shram Yogi Maan-dhan Yojana is meant for unorganised workers engaged in occupations such as street vendors, domestic workers, construction labourers, agricultural workers, rickshaw pullers, beedi, handloom, leather, and other informal sector jobs.
- Home-based workers
- Street vendors and hawkers
- Mid-day meal workers
- Head loaders and porters
- Brick kiln and construction workers
- Cobblers, rag pickers, washermen
- Domestic workers
- Rickshaw and cart pullers
- Landless agricultural labourers
- Beedi, handloom, leather, and audio-visual workers
- Own-account and self-employed workers
Eligibility Criteria (Scheme Criteria)
To enroll under Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM), the applicant must meet all the following conditions:
Age Limit
- Entry age: 18 to 40 years
Income Limit
- Monthly income ₹15,000 or below
Employment Condition
- Must be an unorganised sector worker
Exclusion Criteria
The applicant must not be covered under the National Pension Scheme (NPS), Employees’ Provident Fund Organisation (EPFO), or Employees’ State Insurance Corporation (ESIC).
- National Pension Scheme (NPS)
- Employees’ Provident Fund Organisation (EPFO)
- Employees’ State Insurance Corporation (ESIC)
Tax Condition
- The applicant should not be an income tax payer
Scheme Type and Nature
- Voluntary pension scheme
- Contributory scheme
- Contribution shared equally (50:50) by:
- Subscriber
- Central Government
Contribution Fee / Monthly Subscription Amount
Under the Pradhan Mantri Shram Yogi Maan-dhan Yojana, the monthly contribution depends on the entry age—the earlier a worker joins the scheme, the lower the contribution amount.
Example Contribution Structure
| Entry Age | Member Contribution (₹) | Govt Contribution (₹) | Total (₹) |
|---|---|---|---|
| 18 years | 55 | 55 | 110 |
| 25 years | 80 | 80 | 160 |
| 30 years | 105 | 105 | 210 |
| 35 years | 150 | 150 | 300 |
| 40 years | 200 | 200 | 400 |
- Contributions are payable every month till the age of 60
- Payment is made through auto-debit from bank or Jan-Dhan account
Pension Amount / Pay Scale (Benefits)
Minimum Assured Pension
- ₹3,000 per month after attaining 60 years
Family Pension
- On death of the pensioner, the spouse receives 50% of pension
- Family pension is applicable only to spouse
Death Before 60 Years
- Spouse may:
- Continue the scheme by paying contributions, or
- Exit the scheme and withdraw benefits as per rules
Fund Management and Administration
- PM-SYM is a Central Sector Scheme
- Administered by the Ministry of Labour & Employment
- Implemented through:
- Life Insurance Corporation of India (LIC) – Pension Fund Manager
- CSC e-Governance Services India Limited (CSC SPV) – Enrollment agency
- Funds are invested as per Government of India-approved investment norms
Selection Process (Enrollment-Based)
- No examination or merit list
- Selection is based purely on:
- Eligibility fulfillment
- Successful enrollment
- Aadhaar-based verification
Application Process (How to Apply)
Offline Enrollment (CSC Centres)
- Visit nearest Common Service Centre (CSC)
- Carry:
- Aadhaar Card
- Savings Bank / Jan-Dhan Account Passbook
- Mobile number
- Provide self-certified details
- Pay first month’s contribution in cash
- Receive enrollment receipt
Online / Digital Enrollment (Planned)
- Through PM-SYM web portal or mobile app
- Aadhaar and bank-linked self-registration facility
Enrollment Agencies and Facilitation Centres
Enrollment Agencies
- All CSC centres across India
Facilitation Centres
- LIC branch offices
- EPFO and ESIC offices
- Central and State Labour Offices
These centres provide:
- Scheme awareness
- Guidance and brochures
- Help desks with seating and support staff
Exit and Withdrawal Rules
The Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM) allows flexible exit options for subscribers, ensuring that unorganised workers can withdraw or continue their contributions as per their convenience. Under the PM-SYM scheme, workers can exit before 10 years and receive their contribution with interest, or after 10 years but before 60 years, receive accumulated contributions along with fund interest. The Pradhan Mantri Shram Yogi Maan-dhan Yojana ensures that even in case of death or permanent disability, the spouse can continue the scheme or withdraw the corpus as per the rules.
- Exit before 10 years:
- Subscriber’s contribution returned with savings bank interest
- Exit after 10 years but before 60 years:
- Contribution + higher of fund interest or bank interest
- Death or permanent disability:
- Spouse may continue or withdraw benefits
- After death of both subscriber and spouse,
- Entire corpus returns to the fund
Default of Contribution
- If contributions are missed:
- Subscriber can regularise payments later
- Outstanding dues may include penalty as notified
Pension Payout Process
- Pension starts after completion of 60 years
- Monthly pension of ₹3,000 credited to bank account
- Family pension applicable where eligible
The Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM) is a government pension scheme designed to provide financial security to unorganised workers in India. Eligible workers can enroll at their nearest Common Services Centre (CSC) or directly through the PM-SYM official portal using their Aadhaar and bank account details. The scheme is implemented and managed by the Life Insurance Corporation of India (LIC), which handles the pension fund, while the Ministry of Labour & Employment.
The 72nd National Volleyball Tournament 2026 is a major event highlighting the growth of India’s sports ecosystem. For detailed rules and registration, participants can refer to the official tournament notification.
