Consider the following statements about Pradhan MantriShram Yogi Maan-dhan (PM-SYM) Scheme:1 It was launched by the Ministry of Ministry of Labour and Employment.2 It is a voluntary and contributory pension scheme that aims to ensure old age protection for Unorganized Workers.3 The beneficiary should also belong to the entry age group of 18-40 years.Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Pradhan MantriShram Yogi Maan-dhan(PM-SYM) Scheme:

Launched by:Ministry of Labour and Employment
Type:Central Sector Scheme
Aim:It is a voluntary and contributory pension scheme that aims to ensure old age protection for Unorganised Workers
Coverage:The scheme covers unorganised workers (home-based workers, street vendors, mid-day meal workers, head loaders, landless labourers and similar other occupations) whosemonthly income is Rs 15,000/ per month or less.
The beneficiary should also belong to the entry age group of 18-40 years.
Moreover, they should also not be covered under New Pension Scheme (NPS), the Employees’ State Insurance Corporation (ESIC) scheme or the Employees’ Provident Fund Organisation(EPFO).
Further, he/she should not be an income taxpayer.

Source: EPIC August 2021