PM-SYM Pradhan Mantri Shram Yogi Mandhan Pension Yojana | PMSYM Scheme 2020

As the labor class is mentioned, people involved in the trivial yet necessary works such as carpenters, masons, and many more such workers appear in our minds. In reality, any worker belonging to the unorganized sector can apply for the scheme. By unorganized sectors, one means the community in which the wages are not fixed. Such sector includes street vendors, rag pickers, cobblers, brick makers, leather workers, rickshaw pullers, landless labors, beedi workers and many more.



The workers who do not have any fixed income and whose income depends on the works they do on a daily basis to earn a living are eligible to apply for Pradhan Mantri Shramyogi Yojna.

The workers of the unorganised sector earning an income of less than rupees 15,000 per month and falls under the age bracket of 18 to 40 years are eligible for Pradhan Mantri Shramyogi yojna.

Benefits of PM shramyogi mandhan yojana
It is beneficial in a way that a worker who joins Pradhan Mantri Shram Yogi Yojna at the age of 18 years would make a contribution of rupees 55 monthly till the age of 60 years so as to get the pension in retirement. The equal matching contribution will be made by the Government to the pension account of workers each month.
This scheme is going to benefit more than 42 crore workers belonging to the unorganised sectors of India.

Not only this, if the candidate enrols out of the scheme even before 10 years, the share of the candidate is going to be returned to the candidate with saving bank interest rates.

If the candidate enroll out after 10 years but before 60 years of age, the share of candidate’s contribution adding the accumulated interest will be given back to the candidate.

If the candidate is updating the scheme in a proper manner but dies due to any cause, his or her spouse would be entitled with the continuation of the scheme. If the spouse is entitled to it, they are supposed to pay the regular further contributions. If they are not willing to do that, they can always exit the scheme taking the candidate’s contribution to make till the date in addition to the interest.

PMSAY Important Links

PM SYM Notification Click Here

Apply Online at Digital seva connect (For VLE) Start Enrollment

Operational Guidelines Click Here

Find CSC Center Click Here

Official website Click Here


Every citizen in India emphasis on having a government job. Children may have heard from their parents about having a secured future in government jobs because the pension system prevails there. This is the reason why Indian parents want to make their child a government employee. Even if the private sector provides people with a handsome amount of salary, they would prefer government jobs for the very same reason. The employees of the private sector too can survive as they save a lot.

PM Shram Yogi Mandhan Yojana Helpline Number Toll Free number 1800 267 6888