Pradhan Mantri Shram Yogi Maandhan is a government scheme meant for old age protection and social security of Unorganized Workers (UW).
Unorganized Workers (UW) are mostly engaged as home based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, rickshaw pullers, landless laborers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio- visual workers or workers in similar other occupations. There are approximately 42 crore such Unorganized workers in the country.
It is a voluntary and contributory pension scheme under which the beneficiary would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and 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.
Should not be
He/ She should possess
During the receipt of pension, if an eligible beneficiary dies, his spouse shall be only entitled to receive fifty per cent of the pension received by such eligible beneficiary, as family pension and such family pension shall be applicable only to the spouse.
If an eligible beneficiary has given regular contributions and become permanently disabled due to any cause before attaining his age of 60 years, and is unable to continue to contribute under this Scheme, his spouse shall be entitled to continue with the Scheme subsequently by payment of regular contribution as applicable or exit the Scheme by receiving the share of contribution deposited by such beneficiary, with interest as actually earned thereon by the Pension Fund or the interest at the savings bank interest rate thereon, whichever is higher.
|Entry Age (Yrs)
|Member’s monthly contribution (Rs)
|Central Govt’s monthly contribution (Rs)
|Total monthly contribution (Rs)
(Total = C + D)
Interested eligible person shall visit nearest CSC centre.
Following are the prerequisites for the enrollment process:
Initial contribution amount in cash will be made to the Village Level Entrepreneur (VLE).
The VLE will key-in the Aadhaar number, Name of beneficiary and Date of birth as printed on aadhaar card for authentication.
The VLE will complete the online registration by filling up the details like Bank Account details, Mobile Number, Email Address, Spouse (if any) and Nominee details will be captured.
Self-certification for eligibility conditions will be done.
System will auto calculate monthly contribution payable according to age of the Beneficiary.
Beneficiary will pay the 1st subscription amount in cash to the VLE.
Enrollment cum Auto Debit mandate form will be printed and will be further signed by the beneficiary. VLE will scan the same and upload it into the system.
A unique Shram Yogi Pension Account Number (SPAN) will be generated and Shram Yogi Card will be printed.