PMSY Maandhan Yojana: With the aim of providing financial assistance to the weaker income group and workers working in the unorganized sectors of the country, the Narendra Modi government had started the PM Shram Yogi Maandhan Yojana in 2019. So far 4577131 people have joined this scheme. People of Haryana, Uttar Pradesh and Maharashtra have shown maximum interest in it. Under this scheme, there is a provision to give pension in old age to unorganized sector workers like laborers, domestic workers, street vendors, rickshaw pullers and those carrying burdens on their heads. The contribution for this is very nominal. This scheme operates under LIC.
Latest update of the scheme
Registration till now: 45,77,131
People aged 26-35: 2357446
36-40 year old people: 1139965
People aged 18-25: 1079711
Number of women: 53.1%
Number of men: 46.9%
Top state in participation
Uttar Pradesh: 224155
Rajasthan: 179305
Haryana: 92157
Maharashtra: 10154
Chandigarh: 832
Pradhan Mantri Shram Yogi Maandhan Yojana: Who will get the benefit?
domestic workers
rickshaw pullers
street vendors
burden bearers
animal keeper
landless agricultural laborer
sweeper
fisherman
small and marginal farmers
workers working in stone mines
vegetable and fruit seller
The benefit of PM Shram Yogi Maandhan Yojana will be available only to those workers who work in unorganized sectors, and their monthly income should be less than Rs 15,000. For registration, age should be between 18 years to 40 years. No person in the family should be a government employee. If the eligible person is covered under EPFO, NPS and ESIC, he will not be given the benefit of the scheme.
PMSY Maandhan Yojana: How much is the monthly contribution?
If you join PM Shram Yogi Maandhan Yojana at the age of 18 years, then you have to contribute Rs 55 every month for a pension of Rs 3000. In this context it amounts to Rs 660 annually. In the next 42 years you will have to invest a total of Rs 27720. After this you will get a pension of Rs 3000 every month for life.
Note: Monthly blind donation increases with increasing age. The maximum monthly contribution of Rs 200 is made on joining the scheme at the age of 40. In such a situation, you have to deposit Rs 2400 annually.
PM Shram Yogi Maandhan Yojana: Which documents are required for application?
Aadhar card
bank passbook
mobile number
passport size photo
email id
To apply for the scheme, you will have to go to any public service center near you and registration can be done there by showing the necessary documents given above.
