Pradhan Mantri Shram Yogi Maan- Dhan Scheme for Unorganized Workers

Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maan- dhan (PM-SYM) to ensure old age protection for Unorganised Workers.
District Administration Srinagar requests  all unorganised workers to get benefitted under PM SYM LIC pension scheme by enrollment  in all nearest CSC Centers from 26-2-2019
Introduction: The unorganised workers 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 labourers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather workers, audio- visual workers and similar other occupations whose monthly income is Rs 15,000/ per month or less and belong to the entry age group of 18-40 years. They should not be an income tax payer. 
Features of PM-SYM:
It is a voluntary and contributory pension scheme, under which the subscriber would receive the following benefits:
(i) Minimum Assured Pension :
Each subscriber under the PM- SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
(ii) Family Pension : During the receipt of pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse.

 (iii) If a beneficiary has given regular contribution and died due to any cause (before age of 60 years), his/her spouse will be entitled to join and continue the scheme subsequently by payment of regular contribution or exit the scheme as per provisions of exit and withdrawal.
Contribution by the Subscriber: The subscriber‟s contributions to PM-SYM shall be made through „auto-debit‟ facility from his/ her savings bank account/ Jan- Dhan account. The subscriber is required to contribute the prescribed contribution amount from the age of joining PM-SYM till the age of 60 years.
The chart showing details of entry age specific monthly contribution is mentioned  in following chart: