Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SYM) 2025 has been introduced by India’s central government to support those working in the unorganized sector with financial aid post-retirement. This scheme is essential for citizens like rickshaw pullers, street vendors, domestic workers, and others who face financial uncertainties. Individuals meeting the eligibility criteria can apply online through the official PM-SYM website.
This initiative aims to ensure that individuals in unorganized jobs receive a minimum pension of INR 3000 per month from the government. The Ministry of Labour and Employment oversees this scheme in partnership with the Life Insurance Corporation of India (LIC). To fully avail of the benefits, participants must contribute a portion of their monthly earnings to the scheme.
Overview of Pradhan Mantri Shram Yogi Maandhan Yojana
PM-SYM is a voluntary scheme aimed at providing social security to individuals after they retire. By ensuring a steady income, this pension scheme seeks to enhance the quality of life for those in unorganized jobs. Upon enrollment, individuals contribute a predefined amount which, along with an equal contribution from the government, accumulates to provide a monthly pension.
Objectives of PM-SYM 2025
The primary goal of this initiative is to improve the financial stability and living standards of the unorganized workforce. By granting a pension of INR 3000, beneficiaries can address daily expenses and provide for their families. Additionally, should a beneficiary pass away, 50% of their pension will be transferred to their spouse, ensuring continued support.
Key Highlights of PM-SYM 2025
| Feature | Details |
|---|---|
| Name of the Scheme | PM-SYM 2025 |
| Launched By | Central Government of India |
| Launch Date | 2025 |
| Purpose | To provide pension |
| Beneficiaries | Citizens in unorganized sector |
| Expected Pension | INR 3000 per month |
| Eligibility | Aged between 18 to 40 years |
| Documents Needed | Aadhaar, Bank account |
| Application Process | Online |
| Official Website | Visit Here |
| Contact Number | 14434 |
Eligibility Criteria for PM-SYM
- Must work in the unorganized sector.
- Must be aged between 18 to 40 years.
- Monthly income should not exceed INR 15,000.
Financial Benefits of PM-SYM
Participants will receive a pension of INR 3000 per month, significantly aiding those without regular income upon retirement. This support is vital for financial sustainability.
Necessary Documents for Application
- Aadhar card
- Ration card
- Bank account details
- Electricity bill
Monthly Contribution Under PM-SYM
| Age at Entry | Monthly Contribution (Worker) | Government Contribution |
|---|---|---|
| 18 years | ₹55 | ₹55 |
| 20 years | ₹65 | ₹65 |
| 25 years | ₹80 | ₹80 |
| 30 years | ₹105 | ₹105 |
| 35 years | ₹150 | ₹150 |
| 40 years | ₹200 | ₹200 |
Withdrawal Rules for PM-SYM
- Exiting the scheme within 10 years will return the contributions with interest.
- For exits post 10 years but pre-60 years, contributions will include interest earnings.
- If a participant dies, the spouse can continue or withdraw with benefits.
- Permanently disabled participants can pass the scheme to their spouse under similar conditions.
- All funds revert to the scheme after the death of both subscriber and spouse.
Enrollment Process for PM-SYM 2025
STEP 1: Interested candidates should visit their local Common Services Centre (CSC) to initiate the application process.
STEP 2: Upon arrival, consult with the government officials for guidance on the scheme.
STEP 3: Fill out the application form provided by officials with the required information and documents.
STEP 4: Submit the completed application form to finalize enrollment.
Important Downloads
Contact / Helpline
For any assistance, you can reach out to the helpline at 14434.
FAQs about PM-SYM
What is the monthly pension provided under PM-SYM?
The scheme offers a pension of INR 3000 to beneficiaries.
How does the contribution work?
There is a 1:1 contribution ratio, meaning the government matches the individual’s contribution.
What is the age range for eligibility?
Participants must be between 18 and 40 years of age to qualify for the benefits.
Can I withdraw my contributions?
Yes, you can withdraw your contributions under certain conditions, which include the time of exit and your age at exit.
How do I apply for PM-SYM?
You can apply by visiting your local Common Services Centre and following the enrollment steps provided.