For those working in the unorganized sector, the Pradhan Mantri Shram Yogi Man-Dhan Yojana (PMSYM Yojana) is being run by the government. In this, they get a fixed amount after the age of 60 years.
Pradhan Mantri Shram Yogi Man-Dhan Yojana
The central government is running Pradhan Mantri Shram Yogi Maan-Dhan Yojana for those working in unorganized sector like rickshaw pullers, laborers, shopkeepers, handlers, carts etc. By investing in it, they can get a pension of up to 3 thousand rupees every month.
To join this scheme, the minimum age should be 18 years and maximum 40 years. The objective of starting this scheme is to save the people working in the unorganized sector from the economic problems of old age. Because there is pension facility after retirement in a government job, but not for those working in the private sector. In such a situation, they can get a fixed amount every month by investing from this scheme.
Pension will be given after 60 years
Under this scheme, after the age of 60 years, a guaranteed pension of 3000 rupees is received every month. To get the benefit of this, the investor has to contribute from Rs 55 to Rs 200 every month till the age of 60 years. If the subscriber dies in between then the partner gets half the amount of pension. Under the Pradhan Mantri Shram Yogi Man-Dhan Yojana, the amount you will deposit, the same amount will be deposited in your account by the central government.
How to invest
To enroll in this scheme, you have to go to your nearest CSC center. Here, you will have to provide your Aadhar card and savings account or Jan Dhan account. Also, photocopy of passbook, checkbook or bank statement and other documents will have to be shown. Contribution will be deposited in cash at the beginning. On opening an account, you can also enter the nominee’s name. After the process is complete, you will get the Shram Yogi Card.
Special things related to the scheme
1. Such people can apply in this scheme, whose monthly income is Rs 15,000 or less.
2. National Pension Scheme (NPS), or people availing insurance scheme of a state, cannot apply for this scheme.
3. If a person wants to withdraw from this scheme before 10 years, then the amount of money he has deposited in it will be transferred to the savings account by adding bank interest.
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