Pradhan Mantri Shram Yogi Maandhan Yojana 2024: Online Registration

Pradhan Mantri Shram Yogi Maandhan Yojana Apply Online & Registration Form | Beneficiary Category & Last Date | Benefits & Features | Pradhan Mantri Shram Yogi Maandhan Yojana Check Eligibility & All Details |

The Pradhan Mantri Shram Yogi Maandhan Yojana (PMSYM) is a social security scheme initiated by the Government of India. This scheme aims to provide a regular pension to unorganized sector workers, such as rickshaw pullers, street vendors, domestic workers, and other low-income earners, after their retirement. The PMSYM was launched on February 15, 2019, and is implemented by the Ministry of Labour and Employment.

This article will provide you with all types of information about the Pradhan Mantri Shram Yogi Maandhan Yojana 2024 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share with you the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Pradhan Mantri Shram Yogi Maandhan Yojana 

The Pradhan Mantri Shram Yogi Maandhan Yojana is a significant step towards providing social security to unorganized sector workers in India. By offering a pension system, the scheme aims to improve the financial well-being of these workers during their old age. The accessibility and simplicity of the enrollment process make it easier for eligible individuals to join the scheme and secure their future.

The Pradhan Mantri Shram Yogi Maandhan Yojana is open to workers in the unorganized sector who fall within the age group of 18 to 40 years. To be eligible, individuals must have a monthly income of less than Rs. 15,000 and should not be covered under any other social security scheme such as the Employee’s Provident Fund (EPF), National Pension Scheme (NPS), or the Employees’ State Insurance Corporation (ESIC).

Highlights of Pradhan Mantri Shram Yogi Maandhan Yojana 2024

The highlights of this scheme are as follows:- 

Objectives of Pradhan Mantri Shram Yogi Maandhan Yojana 2024

The primary objective of the Pradhan Mantri Shram Yogi Maandhan Yojana is to ensure that unorganized sector workers have access to a reliable pension system. The scheme aims to provide financial security to these workers during their old age when they may no longer be able to work. By offering a pension, the government aims to alleviate the financial burden faced by these workers and improve their overall quality of life.

The Pradhan Mantri Shram Yogi Maandhan Yojana is a significant step that aims to provide social security to workers in the unorganized sector. By ensuring a regular pension for these workers during their old age, the scheme aims to improve their quality of life and provide them with financial stability. With its simple enrollment process and attractive benefits, PM-SYM has the potential to positively impact the lives of millions of workers across the country.

Beneficiary Categories

The Pradhan Mantri Shram Yogi Maandhan Yojana is available to workers in the unorganized sector who fall within a certain age bracket. The beneficiary category includes individuals who are between 18 and 40 years of age and have a monthly income of less than Rs. 15,000. Workers in this category can opt to join the scheme and contribute towards their pension fund.

Application Enrollment Last Dates

The application and enrollment process for the Pradhan Mantri Shram Yogi Maandhan Yojana is simple and accessible. Interested individuals can visit the nearest Common Service Centre (CSC) to apply for the scheme. The CSCs are spread across the country and act as the primary point of contact for various government services. The last date for enrollment in the scheme is not fixed and interested individuals can apply at any time.

Selection Procedure

The selection procedure for the Pradhan Mantri Shram Yogi Maandhan Yojana is based on the fulfilment of eligibility criteria. Once an individual applies for the scheme, their application is verified, and if found eligible, they are enrolled as a beneficiary. The verification process ensures that only those who meet the specified criteria can avail the benefits of the scheme.

Implementation Procedure

The implementation procedure of the scheme involves the collection of monthly contributions from the enrolled beneficiaries. The contribution amount is based on the age of the beneficiary and ranges from Rs. 55 to Rs. 200 per month. These contributions are then deposited into the pension fund, which is managed by the Life Insurance Corporation of India (LIC).

Supervision & Monitoring Body

The supervision and monitoring of the scheme are carried out by the Ministry of Labour and Employment. The ministry ensures that the scheme is effectively implemented and reaches the intended beneficiaries. Regular reviews and assessments are conducted to evaluate the performance and impact of the scheme.

How does PM-SYM work?

Under the scheme, eligible workers need to contribute a specified amount towards their pension fund every month. The contribution amount is based on the age of the worker at the time of joining the scheme. The government also contributes an equal amount to the pension fund for each eligible worker. The accumulated amount, along with interest, will be paid as a monthly pension to the worker after attaining the age of 60 years. The monthly contribution amount ranges from Rs. 55 for workers joining at the age of 18 to Rs. 200 for those joining at the age of 40. The contribution can be made through various modes such as auto-debit from the worker’s savings bank account or through the Common Service Centres (CSCs) spread across the country.

Key Guidelines

Key Guidelines of the Pradhan Mantri Shram Yogi Maandhan Yojana include:-

• The scheme is voluntary and open to workers in the unorganized sector.
• Beneficiaries must be between 18 and 40 years of age.
• The monthly income of the beneficiary should not exceed Rs. 15,000.
• Enrolled beneficiaries must contribute a specified amount towards their pension fund.
• The pension amount is fixed and based on the contribution made by the beneficiary.
• Beneficiaries can exit the scheme after the age of 60, but they will receive only the contributions made by them along with the interest earned.
• If a beneficiary dies, the spouse is eligible to continue the scheme by contributing the required amount.
• The scheme provides for a co-contribution by the government for eligible beneficiaries.
• Beneficiaries can change their contribution amount once a year during April.
• The pension amount is directly transferred to the beneficiary’s bank account.

Understanding the important terms of the scheme is essential for beneficiaries. These terms include pension, contribution, beneficiary, unorganized sector, Common Service Centre (CSC), and Life Insurance Corporation of India (LIC), among others. Familiarity with these terms ensures a clear understanding of the scheme and its benefits.

Benefits of Pradhan Mantri Shram Yogi Maandhan Yojana 2024

The benefits of this scheme are as follows:-

• Pension for old age: The scheme ensures a regular monthly pension to workers after they attain the age of 60. This provides them with financial security during their retirement years.
• Affordable contribution: The monthly contribution for the scheme is very nominal, making it accessible to workers in the unorganized sector.
• Matching government contribution: The government also contributes an equal amount to the worker’s pension account, thereby doubling the savings.
• Life cover: In case of the demise of the subscriber, the spouse is eligible to receive 50% of the pension as a family pension.
• Ease of enrollment: The enrollment process for the scheme is simple and can be done through a Common Service Centre (CSC) or online.
• Portability: The scheme is portable, which means that workers can continue their membership even if they relocate to another place within the country.
• No investment risk: The pension amount is guaranteed by the government, eliminating any investment risk for the subscribers.
• Tax benefits: The contributions made towards the scheme are eligible for tax benefits under Section 80CCD of the Income Tax Act.
• Financial inclusion: The scheme aims to bring financial inclusion by providing social security to workers in the unorganized sector who were previously excluded from such benefits.
• Empowerment of workers: By providing a pension, the scheme empowers workers and gives them a sense of security and dignity. The Pradhan Mantri Shram Yogi Maandhan Yojana is a significant step towards ensuring social security for workers in the unorganized sector.

Features Of Pradhan Mantri Shram Yogi Maandhan Yojana 2024

The features of this scheme are as follows:-

• Eligibility: Any unorganized worker between the ages of 18 and 40 can enroll in the scheme.
• Voluntary Contribution: The scheme is based on voluntary contributions from the worker. The contribution amount will depend on the age of the worker and the chosen pension amount.
• Pension Benefits: The scheme provides a monthly pension of Rs. 3,000 after the age of 60. If the worker dies, the spouse will receive a 50% pension as a family pension.
• Government Contribution: The government will also contribute an equal amount to the worker’s pension account. This will help in building a substantial corpus for the worker’s retirement.
• Easy Enrollment: The enrollment process is simple and can be done through the Common Service Centres (CSCs) or online.
• Low Contribution: The monthly contribution amount is affordable, starting as low as Rs. 55 for workers aged 18.
• Portability: The scheme is portable, which means that the worker can continue contributing even if they change jobs or locations.
• Income Tax Exemption: The contribution made by the worker towards the scheme is eligible for income tax exemption under section 80CCD(1) of the Income Tax Act.
• No Administrative Charges: There are no administrative charges for enrollment, contribution, or withdrawal under this scheme.
• Financial Inclusion: The scheme aims to bring financial security to the unorganized sector workers and ensure their social well-being during old age. The Pradhan Mantri Shram Yogi Maandhan Yojana is a significant step towards providing a social security net to the unorganized workers in India.

Pradhan Mantri Shram Yogi Maandhan Yojana Eligibility Criteria 

The applicants will need to follow the below-mentioned points to apply online for this scheme:-

• If you are a small and marginal farmer in the country, you will be considered eligible under this scheme.
• You should have cultivable land of 2 hectares or less.
• Your age should be between 18 to 40 years.

Important Documents 

Some of the important documents required to apply online for this scheme are as follows:-

• Aadhar Card
• Identity Card
• Age Certificate
• Income Certificate
• Field Measles Khatauni
• Bank Account Passbook
• Mobile Number
• Passport Size Photo

Pradhan Mantri Shram Yogi Maandhan Yojana Apply Online 2024 

The applicants will need to follow the below-mentioned points to apply online:- 

• Visit the nearest Public Service Center (CSC) if you are a small or marginal farmer interested in the scheme.
• Provide all your necessary documents to the Village Level Entrepreneur (VLE) at the CSC.
• Pay a specified amount to the VLE for processing your application.
• The VLE will link your Aadhaar card with the application, fill in personal and bank details, and calculate the monthly contribution based on your age.
• The Enrollment cum Auto Debit Mandate form will be printed, and you need to sign it. The VLE will then scan and upload the form.
• A Kisan Pension Khata Number will be generated, and a Kisan Card will be printed for you.

To Do Login

The applicants will need to follow the below-mentioned points to login:-

• Go to the Official Website of Kisan Mandhan Yojana.
• Click on the “Sign In” option on the homepage.

• Choose between “Self Enrollment” or “CSC VLE” based on your requirement.
• Enter your Mobile Number, Username or Email ID, Password, and Captcha Code.
• Click on “Sign In” to complete the login process.

To Do Self-Registration

The applicants will need to follow the below-mentioned points to do self-registration:-

• Visit the official website of the Kisan Mandhan Yojana.
• On the login page, enter your phone number for registration and link it to your number.
• Fill in your Name, Address, Mobile Number, and Captcha Code. Click on “Generate OTP.”

• Enter the OTP received on your mobile number into the provided box.
• The application form will be displayed; fill in personal and bank details.
• Submit the form, take a printout, and save it for future reference.

Contact Information

In case of queries and questions come to your mind regarding the Pradhan Mantri Shram Yogi Maandhan Yojana, then you may contact this helpline no and email ID:- 

• Helpline No:-  1800-3000-3468
• Email ID:-  support@csc.gov.in