Q. With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements :
1. The entry age group for enrolment in the scheme is 21 to 40 years.
2. Age specific contribution shall be made by the beneficiary.
3. Each subscriber under the scheme shall receive a minimum pension of Rs. 3,000 per month after attaining the age of 60 years.
4. Family pension is applicable to the spouse the unmarried daughters.
Exp) Option b is the correct answer.
In order to provide old age protection to unorganised sector workers, the Government of India had launched Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM) in 2019. The Life Insurance Corporation of India is the fund manager of the scheme.
This is a voluntary and co-contributory pension scheme.
Statement 1 is incorrect. The workers in the age group of 18-40 years whose monthly income is Rs. 15000/- or less can join the scheme.
Statement 2 is correct. Under the scheme, 50% of monthly contribution varies between Rs. 55/- to Rs. 200/- depending upon the entry age is payable by the beneficiary and equal matching contribution is paid by the Central Government.
Statement 3 is correct. The scheme aims to provide a monthly pension of Rs. 3000/- after attaining the age of 60 years to unorganized workers.
Statement 4 is incorrect. If the beneficiary dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1944374
